May 07, 2021 | Posted by Eric Bell
Europe-Israel Group, P.A.I, Swiss fund Lian Group and singer Israeli singer Omer Adam have partnered up to build a NIS 400 million ($122.5 million) underground data center in Israel. Based on a 6.25-acre site in Afula, south of Nazareth, construction is expected to begin later this year, with a view of completion in 4-5 years.
The land was purchased for a total of NIS 80 million ($24.5 million), and the group is one of few in the area building underground data centers. They join tech giants Google, Microsoft and Amazon, who currently dominate the market.
