DAMAC's EDGNEX Data Centers and PPC Group announce the establishment of Data In Scale (DIS), a joint venture (DAMAC 55% - PPC 45%) for the development of a state-of-the-art data center in Spata.

Top executives from both companies, including Mr. Hussain Sajwani, Founder of DAMAC Group, Mr. Georgios Stassis, Chairman and CEO of PPC Group, and Mr. Alexandros Paterakis, Deputy CEO Digital of PPC Group, made the announcement during a meeting.

This collaboration combines DAMAC's expertise in real estate and data center development with PPC Group's leading position in clean energy, creating the conditions for the timely and quality implementation of the installation, the announcement notes.

The first phase of the project includes an investment of €150 million for a 12.5MW infrastructure, with the potential for expansion to 25MW. The project is currently in the planning and permitting stage, with construction expected to start in the first quarter of 2025.

Completion of the first phase is planned within two years, with the aim of supporting the growing demand for cloud infrastructure, digital transformation and data storage solutions.