Dubai, United Arab Emirates: Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, has announced the opening of its third International Business Exchange™ (IBX®) data center in Dubai. Once fully built out, the new site—which will be known as DX3—will provide 1,800 cabinets of capacity across two phases or a total footprint of 12,000 square meters (135,000 square feet), making it Equinix’s largest data center in the region. With an investment of over $60M in the first phase, the building of this new facility reinforces Equinix’s commitment to creating and supporting digital opportunities for Dubai and the Middle East.
The Dubai campus, comprising DX3 and DX1 data centers, is the UAE’s regional connectivity hub. DX3 has been designed with a focus on innovation, which allows efficient power consumption with cutting-edge technologies in cooling, redundancy and scalability. DX3 is planned to be covered by 100% renewable energy.
Equinix’s new data center also boasts the largest and strongest ecosystems of digital leaders in the region, including networks, cloud, content distributions, enterprise and financial services, and will be strategically located at the intersection of the world’s most dynamic markets in Dubai Production City. Home to thriving, diverse business ecosystems, Dubai is committed to becoming one of the world’s top five centers for trade, logistics, finance and tourism and has made itself one of the world’s preferred investment destination for foreign capital.
Equinix’s digital infrastructure enables local businesses to take advantage of growth opportunities and supports global organizations seeking access to the UAE’s expanding digital economy.
The Middle East data center construction market is expected to grow at a CAGR of 7.59% between 2022 and 2028, and the UAE is one of the main contributors of this capacity growth as the country strives to double the contribution of the digital economy to the UAE's GDP by 2032. Equinix’s expansion in the UAE promises to unlock opportunities for businesses pursuing growth and innovation in the country, while furthering the UAE’s position as a hub for digital economy in the region and globally.
"Equinix is committed to building a more sustainable digital future for all and is already the beating heart of the UAE’s digital economy. DX3 is poised to facilitate connectivity and accelerate digitalization across the region, and we will continue to play a role in enabling the country to achieve its digital potential and provide organizations in the Middle East with an all-new platform for digital transformation, innovation and growth,” Said Kamel Al-Tawil, Managing Director, Equinix MENA.
News of the new data center follows Equinix’s recent announcement about the enhancement of globally connectivity with Equinix Fabric®, an advanced software-defined interconnection solution, in the UAE. The solution enables businesses to connect to distributed infrastructure and digital ecosystems directly, securely and dynamically on Platform Equinix®.
- Equinix’s has four state-of-the-art data centers in three markets across MENA located in Dubai, Abu Dhabi and Muscat
- Equinix has also announced it is building a new data center and subsea landing station in Salalah, Oman
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company®. Digital leaders harness Equinix’s trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the COVID-19 pandemic; the current inflationary environment; foreign currency exchange rate fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of acquiring, operating and constructing IBX® and xScale® data centers and developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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