Latest news with #HussainSajwani
Fashion Network
26-06-2025
- Business
- Fashion Network
Roberto Cavalli says it is considering 'strategic partnerships'
Italian fashion brand Roberto Cavalli is assessing "strategic partnerships" as part of growth options, the company said on Tuesday, after Italian media reported that its owner was exploring a sale or opening up to an outside investor. See catwalk " Cavalli is working to find the best path to growth, which includes exploring strategic partnerships. This process will be carried out with the participation of all relevant stakeholders", a statement said. The company is owned by Auriel Investment SA, controlled by Dubai's Hussain Sajwani.
Fashion Network
26-06-2025
- Business
- Fashion Network
Roberto Cavalli says it is considering 'strategic partnerships'
Italian fashion brand Roberto Cavalli is assessing "strategic partnerships" as part of growth options, the company said on Tuesday, after Italian media reported that its owner was exploring a sale or opening up to an outside investor. See catwalk " Cavalli is working to find the best path to growth, which includes exploring strategic partnerships. This process will be carried out with the participation of all relevant stakeholders", a statement said. The company is owned by Auriel Investment SA, controlled by Dubai's Hussain Sajwani.
Reuters
25-06-2025
- Business
- Reuters
Roberto Cavalli says it is considering 'strategic partnerships'
MILAN, June 25 (Reuters) - Italian fashion brand Roberto Cavalli is assessing "strategic partnerships" as part of growth options, the company said on Tuesday, after Italian media reported that its owner was exploring a sale or opening up to an outside investor. "Cavalli is working to find the best path to growth, which includes exploring strategic partnerships. This process will be carried out with the participation of all relevant stakeholders", a statement said. The company is owned by Auriel Investment SA, controlled by Dubai's Hussain Sajwani.
ME Construction
19-06-2025
- Business
- ME Construction
EDGNEX announces the development of AI-powered data centre in Jakarta
EDGNEX Data Centers by DAMAC has announced the development of a next-generation AI-powered data centre in Jakarta, Indonesia, marking its second entry into the market. The milestone project stands as one of Southeast Asia's largest AI-dedicated developments, with a projected capacity of 144MW and a substantial investment of US $2.3mn. It will significantly accelerate the country's transition from an analogue base to an AI-driven digital economy. Despite being a high-potential Southeast Asian market, Indonesia faces challenges such as digital infrastructure gaps, limited hyperscale readiness, and rising latency issues. As AI adoption accelerates across various sectors, this project addresses the nation's growing demand for scalable and energy-efficient infrastructure, the statement outlined. Following successful land acquisition in March 2025 by DAMAC, the site commenced early construction phases. The facility's first phase is anticipated to be operational by December 2026. The Jakarta facility will be equipped with high-density AI racks, setting new standards for next-generation infrastructure in the region, and will serve an asset in Indonesia's digital transformation. 'This is our second project in Indonesia, and this development reinforces our commitment to bridging the digital divide in fast-growing markets across Southeast Asia (SEA), such as Indonesia,' said Hussain Sajwani, Founder of DAMAC Group. 'We are proud to build what will become one of Southeast Asia's most advanced, sustainable data centres to power the next wave of innovation and digital growth. The scale of AI workloads demands a new class of infrastructure. This project is part of our broader push across SEA, where we have committed over $3bn in digital infrastructure investments to date.' The facility aims to achieve a Power Usage Effectiveness (PUE) of 1.32, enhancing energy efficiency and aligning with EDGNEX's global sustainability standards. This expansion builds upon EDGNEX's growing presence in Thailand, Malaysia, and other key Southeast Asian markets. In 2024, EDGNEX made a significant move by announcing its first data centre in Indonesia, the firm explained. This 19.2MW data centre will be constructed at MT Haryono in Jakarta, located in the interconnected data centre clusters within Jakarta's central data hub. The primary objective of this data centre is to address the increasing demand for cloud service providers, edge nodes, and potential AI deployments. The first phase of construction is scheduled to be completed in the third quarter of 2026. EDGNEX's regional goal for Southeast Asia is to achieve a combined operational capacity of over 300 MW by 2026, the statement concluded.
Forbes
18-06-2025
- Business
- Forbes
Dubai Billionaire Hussain Sajwani Doubles Down On Indonesia With $2.3 Billion Data Center Project
Computer servers in a data center. Damac Group—controlled by Dubai billionaire Hussain Sajwani—is deepening its investment in Indonesia with a $2.3 billion data center project, its second in the country, amid booming demand for cloud computing and artificial intelligence applications. Through its unit Edgnex Data Centers, Damac will develop a 144-megawatt data center in Jakarta, the company said in a statement on Wednesday. Construction is ongoing, with the first phase of the project expected to be operational by the end of next year. 'With the increasing scale of AI workloads, the need for new, more powerful and efficient infrastructure is growing,' Hussain Sajwani, founder of Damac Group said in the statement. 'This project is part of our major commitment in Southeast Asia, where we have invested more than $3 billion in the development of digital infrastructure." Edgnex is concurrently building a 19.2-megawatt data center in Jakarta's MT Haryono. Phase one of the project is expected to be completed by the third quarter of next year. Indonesia is among Southeast Asia's data center hot spots. Billionaire Widjaja family's Sinarmas Land has tied up with K2 Strategic—controlled by Malaysian billionaire Robert Kuok—to develop a 100-megawatt data center in Bekasi in eastern Jakarta. The Widjajas also have a separate joint venture with Korea Investment Real Asset to build a $300 million project in Jakarta's business district. Meanwhile, industry pioneer DCI Indonesia—cofounded by billionaires Otto Toto Sugiri, Marina Budiman and Han Arming Hanafia—expects its total capacity to exceed 120 megawatts by early next year with new facilities coming online. Aside from Indonesia, the Edgnex unveiled plans in October to invest 32 billion baht ($982 million) to build data centers in Thailand. It aims to have a capacity of more than 300 megawatts in Southeast Asia in the coming year. With a net worth of $10.2 billion according to Forbes' real-time data, is chairman of Dubai-based property developer Damac Properties, which he founded in 2002. He initially provided food catering services to the U.S. military and construction giant Bechtel, before focusing on real estate.
