Saudi Arabia chosen as first location for $1bn Edgnex data center rollout

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Updated 30 March 2022
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Saudi Arabia chosen as first location for $1bn Edgnex data center rollout

RIYADH: Global digital infrastructure company Edgnex has chosen the Kingdom as its first location for its $1 billion planned data center empire across Europe, Asia, Africa, and the Middle East.

The facility, which is projected to launch in the third quarter of 2023, will have a power load of 20 MW, and will cover an area of 17,720 square meters.

“We want to help attract hyperscalers and innovators from around the world and give them a foundation for growth in the Kingdom,” Telecom TV reported, citing Niall McLoughlin, Senior Vice President of property developer Damac Group.

The facility aims to deliver new speed and agility to cater to local economies, enterprises, and end users.

Edgnex’s decision to expand to the Kingdom is attributed to the country’s dynamic ICT market, strategic location for data center investment, and the growing data usage in the region.

In line with the Kingdom’s Vision 2030, the facility will help diversify the Gulf country’s economy.

US real estate company JLL has been selected as managing partner for Edgnex’s proposed data center empire. 


Maersk to resume Suez Canal sailings for MECL service

Updated 5 sec ago
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Maersk to resume Suez Canal sailings for MECL service

  • Shipping companies are weighing a return to the critical Asia-Europe trade corridor more than two years after they started rerouting vessels around Africa following Yemeni Houthi rebels’ attacks

OSLO: Shipping group Maersk will resume sailings via the Red Sea and the Suez Canal for its ​MECL service, connecting the Middle East and India with the US east coast, the Danish company said on Thursday.
“Maersk has decided to implement a structural return to the trans-Suez route for all MECL service sailings,” the company said in a statement, ‌adding that this ‌was part of a ‌stepwise approach ⁠for ​its ‌fleet.
Shipping companies are weighing a return to the critical Asia-Europe trade corridor more than two years after they started rerouting vessels around Africa following Yemeni Houthi rebels’ attacks on ships in the Red Sea in what they said ⁠was a show of solidarity with the Palestinians in Gaza.
Maersk ‌on Monday said one ‍of its vessels ‍had tested the route as a ceasefire in ‍Gaza raised hopes for normal shipping traffic.
The change for the MECL service comes into effect with a sailing departing Oman’s port of Salalah on January ​26.
The Suez Canal is the fastest route linking Europe and Asia and, until ⁠the Houthi attacks, had accounted for about 10 percent of global seaborne trade, according to Clarksons Research.
The ceasefire in the Gaza conflict, in place since October last year, has renewed hope of normalizing Red Sea traffic.
The ceasefire has ended major combat in Gaza over the past three months, but both sides have accused the other of regular violations. More than 440 ‌Palestinians and three Israeli soldiers have been killed since the truce took effect.