DAMAC’s EDGNEX Data Centers, PPC Group to launch $150m project in Greece

EDGNEX Data Centers, a subsidiary of DAMAC, and PPC Group have unveiled plans to develop a cutting-edge data centre in Spata, East Attica, Greece, through a new joint venture called Data In Scale (DIS).

The project, which involves an initial investment of EUR150m, will provide 12.5 MW of data centre capacity in its first phase, with plans to expand to 25 MW in subsequent phases.

This new venture capitalises on DAMAC’s real estate development expertise and EDGNEX’s data centre capabilities, alongside PPC’s leadership in clean energy solutions, to create a facility designed to meet the surging demand for cloud computing, data storage, and digital transformation services.

Strategic location for regional growth

The planned data centre in Spata is positioned to become a major infrastructure hub, providing critical services that connect Europe, Asia, and Africa.

Its strategic location in Southeastern Europe places Greece at the forefront of regional digital growth, aligning with broader European Union objectives to enhance connectivity and bolster digital economies.

Supported by both local government initiatives and private investment, the project aims to contribute significantly to Greece’s growing role as an IT and digital services leader in the region.

The project is currently in the design and licensing phases, with construction set to begin in Q1 2025.

The first phase is expected to be operational within two years, setting a new benchmark for secure, scalable, and sustainable digital infrastructure in the region.

EDGNEX Data Centers: Focused on digital transformation

Hussain Sajwani, founder of DAMAC, emphasised the shared vision behind the partnership, stating: “This partnership with PPC reflects our shared vision of creating a world-class data centre that caters to the diverse and evolving demands of today’s digital economy. By leveraging EDGNEX’s expertise in delivering reliable and agile infrastructure and DAMAC’s proven capabilities in large-scale developments, we are building a future-ready facility to empower businesses with secure, scalable, and high-performance data solutions.”

Georgios Stassis, chairman and CEO of PPC Group, also highlighted the importance of the partnership. He said: “By merging PPC’s energy expertise with DAMAC’s global leadership in data centre development, we are building infrastructure that will empower businesses, drive Greece’s digital transformation, and position the country as a pivotal player in Southeast Europe’s data ecosystem.

Global and regional ambitions

This development in Greece is part of a broader international expansion strategy by DAMAC, which continues to invest heavily in digital infrastructure worldwide.

The Greece project builds on DAMAC’s recent investments, including a $1bn data centre initiative in Thailand and a EUR400m project in Madrid. As part of its EDGNEX platform, DAMAC is focused on delivering high-quality, sustainable infrastructure that powers digital economies in key global markets.

For PPC Group, this venture aligns with its broader strategy to bolster Greece’s position as a technology and connectivity leader.

In addition to the data centre project, PPC is actively involved in several digital infrastructure initiatives.

These include the nationwide rollout of its Fiber-to-the-Home (FTTH) network, through its subsidiary FiberGrid, as well as its participation in the East-to-Med Data Corridor project, which aims to develop interconnected submarine and terrestrial cables to facilitate cross-border energy and data exchange.

PPC’s commitment to integrating digital and energy technologies is further reflected in its Olympus AI project, which leverages artificial intelligence for advanced energy management and innovation.

Building a sustainable future for digital growth

Through this joint venture, Data In Scale is poised to deliver not only cutting-edge data centre infrastructure but also drive economic growth in the region, supporting the digital transformation of businesses and industries.

The collaboration will also serve to strengthen Greece’s position as a strategic location for international businesses seeking secure, scalable, and sustainable data solutions.

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