Bangkok, Thailand – October 11, 2024 – EDGNEX Data Centers by DAMAC, a global leader in digital infrastructure, today announced a major joint venture with PROEN Corp Public Company Limited, a prominent Thai technology company. This strategic partnership marks a significant investment in Thailand’s burgeoning digital economy, with EDGNEX committing over 32 billion Baht (1 billion USD) to develop a series of state-of-the-art data centers.
This initiative underscores EDGNEX’s confidence in Thailand’s digital growth trajectory and its commitment to supporting the country’s expanding technological needs. The joint venture will leverage PROEN Corp’s local expertise and EDGNEX’s global experience in data center development and operations.
“We are thrilled to partner with PROEN Corp to expand our presence in Southeast Asia and contribute to Thailand’s digital transformation,” said Hussain Sajwani, Founder of DAMAC Group, the parent company of EDGNEX. “This investment reflects our long-term vision for the region and our dedication to providing world-class digital infrastructure to support the next generation of AI-driven businesses.”
The joint venture’s first project will be a cutting-edge data center with a potential capacity of 20 MW. The initial phase, offering 5 MW of capacity, is slated to be operational in early 2025. This carrier-neutral facility will adhere to Tier III uptime standards, ensuring exceptional reliability and resilience for clients.
“This partnership with EDGNEX is a testament to the growing demand for advanced digital infrastructure in Thailand,” said Kittipan Sri-bua-iam, CEO of PROEN Corp Public Company Limited. “We are confident that this collaboration will deliver innovative and high-quality data center solutions to the market.”
The Deputy Prime Minister and Minister of Digital Economy and Society, H.E. Prasert Chantararuangthong, expressed his support for the joint venture, emphasizing its alignment with the government’s vision for digital economic growth.
“This investment will significantly enhance Thailand’s data processing capabilities and attract further investment from around the world,” said H.E. Prasert Chantararuangthong. “It also presents valuable opportunities for Thai professionals in the digital sector.”
The Asia-Pacific data center market is poised for substantial growth, with projections indicating a Compound Annual Growth Rate (CAGR) of 10.21% from 2024 to 2029. This joint venture positions EDGNEX and PROEN Corp to capitalize on this expanding market and contribute to Thailand’s continued digital advancement.
About EDGNEX Data Centers by DAMAC
EDGNEX is a global digital infrastructure company headquartered in Dubai, United Arab Emirates. It is a wholly-owned subsidiary of the DAMAC Group. EDGNEX is providing a foundation for local innovation across the globe and disrupting the data centre market with new speed and agility. It proactively builds, buys, or partners to serve the next wave of demand for data centre services.
About PROEN Corp Public Company Limited
PROEN Corp Public Company Limited is the leading data center service provider in Thailand, and it has the largest domestic bandwidth network, ensuring stability and service quality. Our services are trusted by top-tier clients in the Streaming Content, Broadcast, Online Video, and Online Gaming industries.
For more information and further details, please contact https://www.proen.co.th/th/
Visit Bangkok 