Digital Realty forms JV with Mivne to develop new hub in Israel

Digital Realty has formed a joint venture with Mivne Real Estate to enter the Israeli market with a multi-tenant data center campus.

The joint venture, which will operate under the brand name Digital Realty Mivne, will serve as a strategic partnership of Digital Realty with Mivne, a market leading real estate developer, an owner and operator that has developed many large-scale projects across Israel and has an extensive land bank.

About half of the world's population resides within 3,000 miles of the center of the Mediterranean. Telegeography notes that international bandwidth in the Middle East has seen more than 30 percent compound annual growth since 2016, representing an overall increase in transmission capacity to the region of almost 200 percent.  Israel is emerging as an alternative cable interconnect route between the Mediterranean and the Red Sea, and the new campus will be located at a key intersection along the global internet highway across the Mediterrane