UAE DAMAC Group subsidiary EDGNEX Data Centers has acquired Finland data center company Hyperco expanding its reach in Europe after the UAE DAMAC Properties CEO, Hussain Sajwani, in January 2025 announced investment of $20 billion in US datacenters used for AI ( Artificial Intelligence) and crypto.
While no details were shared on the Hyperco deal. The Finnish company leverages sustainable energy resources with high connectivity for digital ecosystems.
“We plan to build a significant future capacity in the Nordics and establish a strong foothold in the market,” said Hussain Sajwani, Founder of DAMAC Group.
Aleksi Taipale, Co-founder and CEO, Hyperco, said the company is well-positioned to meet the growing digital demands of the region and beyond, given its access to low-carbon energy and focus on scalability.
EDGNEX is on track to deliver 55 MW in the Middle East by 2025, with a projected global capacity exceeding 3,000 MW. The company is targeting over 300 MW of operational capacity by 2026, supported by a robust investment pipeline of over $3 billion, including key Southeast Asian markets.
Its European activities include a €150 million joint venture in Greece with Public Power Corporation to develop up to 25 MW and a €400 million commitment to build a 40 MW data centre in Madrid, Spain.
Investment in datacenters globally and in the Middle East is growing. It is estimated that global spending on construction of new data centers is expected to surpass US$49 billion by 2030 (source: MicKinsey & Company). With over US$1.0 trillion funding gap in renewable energy, it is believed to be an opportune time to lay the groundwork to power the advancement of compute infrastructure for a vibrant digital economy.
ADQ, an active sovereign investor with a focus on critical infrastructure and global supply chains, and Energy Capital Partners (ECP), the largest private owner of power generation and renewables in the USA, have entered into an agreement to establish a 50-50 partnership in new build power generation and energy infrastructure.
