DAMAC’s Hussain Sajwani Shifts Focus to Data Centers for Global Digital Pivot

Hussain Sajwani, the chairman of DAMAC Properties, is diversifying his multibillion-dollar portfolio by pivoting from luxury real estate toward global digital infrastructure. Through his dedicated data center arm, Edgnex, the Dubai-based billionaire aims to build a 500-megawatt (MW) capacity network to capture the rising demand for artificial intelligence and cloud computing services. Expansion into Digital Infrastructure The strategic shift comes as the traditional real estate market faces cyclical fluctuations. Sajwani, who founded DAMAC in 2002, is leveraging his experience in land acquisition and power procurement to establish data centers in high-growth markets. Edgnex currently has projects under development in Riyadh, Jakarta, and several locations across Turkey and Europe. Unlike luxury residential towers, data centers offer long-term, recurring revenue through leases with global technology giants. The infrastructure requires significant upfront capital and specialized engineering, creating high barriers to entry that Sajwani intends to navigate using the group’s existing liquidity and project management capabilities. Capitalizing on Regional AI Demand The Middle East is…