The data center market in Spain continues to heat up with the latest major development from Dubai-based Damac Group. The company has announced its entry into the Spanish market with the acquisition of land in Madrid, where it plans to build a state-of-the-art data center. This ambitious project represents a significant investment of 400 million euros, underscoring the growing demand for digital infrastructure in Spain and Europe.
Damac Group, renowned for its luxury real estate developments, is diversifying into the tech sector with this venture. The company’s move into Spain aligns with its broader strategy of expanding its footprint in global technology markets, capitalizing on the surging demand for data storage, cloud computing, and digital services. Spain, with its strategic location and rapidly growing digital economy, is an attractive destination for such investments.
“We plan on investing 400 million euros in our first 40MW investment in the Spanish Data Centre space. Spain’s advanced connectivity, strategic location, and commitment to renewable energy make it an ideal hub for expanding our high-performance infrastructure. As we continue our global expansion, we will deliver scalable, robust solutions that serve the needs of hyperscalers and enterprise clients within a rapid timeframe. Alongside looking at additional investments in Madrid, we will look for opportunities in strategic locations such as Barcelona, Zaragoza, and other locations in Spain,” said Hussain Sajwani, Founder of DAMAC Group.
