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Consortium to build underground data center in Afula
Europe-Israel Group, P.A.I. controlled by Omer Adam and the Swiss fund Lian Group have signed an agreement to build an underground data center in Israel.
Europe-Israel Group, P.A.I. controlled by Omer Adam and the Swiss fund Lian Group have signed an agreement to build an underground data center in Israel, with a huge investment of hundreds of millions of shekels
The group of partners, who have so far worked in stealth in order to promote the project, purchased the land in Afula for NIS 80 million. The group will become one of only a few players in Israel that is building an underground data centers - a market in which the supply of land in Israel barely exists, while demand for it is only rising, mainly from tech giants Google and Amazon. Those two companies recently won the Israeli government s Nimbus tender to set up cloud storage infrastructures.