Investments with a footprint of over 2 billion are transforming Greece into a Data Center hub

With the leaps that the pandemic brought to the digital transformation, the needs for data storage in Greece, but also in the wider region of Southeastern Europe, are constantly increasing. Data centers are evolving into one of the most promising markets in the country, upgrading the prospects for the development of a regional data hub in the wider region. The investments that have already been announced create a footprint of more than 2 billion euros in the Greek economy for the coming years.

At the same time, European data protection requirements for European citizens are closing the door on data exports outside the EU, which creates scope for those who manage to gain a foothold in the new market.

The announcement of Microsoft's investment, last October, for the creation of a Data Center Region in Attica, an investment of 400 million euros, sparked a series of new investments. As announced, the financial footprint of the investment of the American giant, which concerns the creation of three completely distinct units, will exceed 1 billion euros.

Footprint over 1.1 billion euros for Lamda Hellix

Another investment plan, with a huge footprint that will exceed 1.1 billion euros in a decade, is set by Lamda Hellix for next September. The strategic plan, the schedule of investments, as well as their contribution to the Greek economy, was the subject of a meeting, in the middle of last week, between Messrs. David Ruberg, executive vice president, Strategy & Emerging Markets of Digital Realty and Apostolos Kakkos, president and CEO of Lamda Hellix with Prime Minister Kyriakos Mitsotakis at the Maximos Mansion.

It should be noted that last November, Lamda Hellix was acquired by the American Digital Realty, through Interxion, which manages...