Construction has begun on the new $300 million USD (11 billion THB) SUPERNAP Thailand, located in Hemmaraj Industrial Estate in Thailand’s eastern province Chonburi. SUPERNAP Thailand will be the first Uptime Institute rated Tier IV Gold data center in Asia, as well as the largest data center in the Kingdom. The facility, which is expected to open in the first quarter of 2017, will have capacity for more than 6,000 data server racks.
Accelero Capital announced today that it has signed a six year advisory agreement with The Board of Directors of Orascom Development Holding AG (“ODH”) whereby Accelero Capital will provide advisory services to assist ODH in implementing an operational and financial turn-around under the guidance of the Board of Directors and management of ODH.
Mr. Khaled Bichara, CEO and Co-Founder of Accelero Capital, will assume the role of the new Chief Executive Officer (CEO) of ODH effective 1 January 2016 and will assume a non-executive role at Accelero Capital.