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Middle East Data Center Construction Market to Reach $4.39 Billion by 2029

2024-06-20 06:14:12.480000
[num] w.media

The Middle East Data Center Construction Market is projected to reach $4.39 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.98% [50dad778]. The market was valued at $2.35 billion in 2023. The boom in data centers in countries like the UAE, KSA, Oman, Qatar, and Bahrain is driving the construction of new facilities. Key players in the market include Gulf Data Hub, Khazna Data Centers, Edgenex Data Centers by DAMAC, and Ooredoo. The growth is fueled by the adoption of emerging technologies like AI and the demand for sustainable facilities powered by renewable energy sources. Smart cities like Dubai and Abu Dhabi are also driving the demand [50dad778].

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