RMZ Signs Strategic Investment Pact with MMRDA and CIDCO at WEF Davos

RMZ announced a strategic investment partnership with the Mumbai Metropolitan Region Development Authority (MMRDA) and City & Industrial Development Corporation of Maharashtra Limited (CIDCO) during the World Economic Forum Annual Meeting 2026 in Davos.

The partnership is expected to facilitate investments of up to USD 30 billion in the Mumbai Metropolitan Region over the next decade. According to the announcement, the initiative has the potential to generate nearly 3 lakh direct and indirect employment opportunities and will focus on attracting foreign direct investment into infrastructure-led development.

Under the arrangement with MMRDA, RMZ will undertake capital mobilisation, investment structuring, master planning, development and long-term asset management across real estate, infrastructure, logistics parks and data centres. MMRDA will provide land aggregation support, planning assistance and policy-level approvals.

In Navi Mumbai, RMZ will work with CIDCO to develop new data centre and commercial projects. These projects are expected to begin in FY 2026–27, with CIDCO supporting approvals, land allotment and regulatory clearances.

“We are excited about announcing the partnership with RMZ as it aligns with Maharashtra’s broader vision to attract large-scale technology-led infrastructure projects, strengthen digital resilience, and support India’s growing demand for data-driven services,” said a CIDCO spokesperson.

Mr. Manoj Menda, Chairman – Supervisory Board, RMZ, said the partnership reflects RMZ’s focus on patient capital and long-term value creation. Mr. Deepak Chhabria, President – RMZ Infrastructure, said RMZ currently operates around 230 MW of colocation capacity across its digital infrastructure platform.

The collaboration is expected to support sustainable urban development and long-term economic growth across the region.