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UAE Billionaire Hussain Sajwani to Invest $20 Billion in US Data Centers, Trump Announces
2025-01-08
On January 7, 2025, President-elect Donald Trump of the United States revealed that Hussain Sajwani, a billionaire from the United Arab Emirates and Chairman of Damac Properties, intends to invest at least $20 billion in the construction of large-scale data centers across the Midwest, South, and Southwest regions of the United States. This significant investment aims to uphold the United States' prominent position in the technology sector and bolster the advancement of artificial intelligence and cloud technology. Damac Properties, headquartered in Dubai, UAE, stands as one of the largest real estate development companies in the Middle East.
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