Data center, colocation and interconnection service provider Digital Realty, has announced the official opening of its new data center in Dublin, Ireland.

Sited in Clonshaugh, the new facility represents a €70 million ($78.5 million) investment, which follows the company’s previous €200 million ($224 million) investment in the Dublin data center market.

“Over the past few years, Dublin has firmly cemented itself as the data center capital of Europe. We believe, and as our new research indicates, Dublin is on the cusp of a technology revolution that could drive substantial economic growth for the city for years to come,” said Jeff Tapley, EMEA Managing Director, Digital Realty.

“Our investment in Clonshaugh comes as a direct result of the increased need of businesses to ensure they’re investing in secure digital infrastructure that’s both flexible and adaptable. Businesses can rely on our secure platform to connect to and deliver the critical technology they need to succeed, from AI to IoT, from one city and country to anywhere in the world in order to efficiently scale and grow.”

In a recent study commissioned by Digital Realty and conducted by Development Economics, Dublin’s economy is predicted to gain additional €6.37 billion ($7.14 billion) from technologies that include AI, IoT, Blockchain and 5G by 2029.

Digital Realty further said that its investment in the new Clonshaugh facility is designed to underpin the growing importance of these data-led technologies to Dublin’s economy, by ensuring the city’s businesses have a digital-ready infrastructure to adopt and deliver on complex technology, through the Digital Realty’s PlatformDIGITAL™.

The country is indeed having a good flow of data center service vendors in recent years. Last month, Amazon secured a planning permission for its new data center facility at the IDA Business and Technology Park and had earlier stepped into the Irish market since 2018 with the launch of an 88,000 square foot data center in Tallaght, Dublin. Other providers in the region includes Facebook, CyrusOne, Amazon and Google.