Linesight seals $250m data centre projects in GCC

Mubasher: The Middle East and North Africa (MENA) region is forecast to witness a growing demand for data centres, according to the latest research from leading international construction consultancy, Linesight. 

Linesight has already completed data centre projects which value exceeds $250 million in the UAE, Saudi Arabia, and Bahrain, according to a recent press release.

“The findings of a White Paper, Hyperactive Hyperscale: The next step of digital revolution, has revealed an 11% Compound Annual Growth Rate (CAGR) increase between 2016 and 2020 of the global data centre market, with data storage requirements expected to grow 40% year-on-year,” the statement added.

Regional director for the Middle East at Linesight Ciaran McCormack, said, “Internet users globally continue to grow, with an additional one billion users expected by 2020.”

He added, “You only have to look at the main players in the market, who invested $26 billion in hyperscale data centres in 2015, to realise the full extent of the opportunities for the construction industry. In the Middle East, we are already seeing an increase in demand from several companies looking to get ahead of the curve by developing larger data centres that are capable of coping with the increasing demand.”

Linesight currently has business across 150 countries on project developments valued more than $10 billion.  

Mubasher Contribution Time: 23-Dec-2018 09:16 (GMT)
Mubasher Last Update Time: 23-Dec-2018 11:45 (GMT)