Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.
Dubai based billionaire Hussain Sajwani Tuesday January 07, 2025 announced a $20 billion investment in US data centers as U.S. President Elect Donald Trump watched standing behind him.
WASHINGTON (AP) — President-elect Donald Trump on Tuesday announced a $20 billion investment for data centers in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner of the Trump family.
Hussain Sajwani, a longtime Trump ally, announced a multibillion-dollar investment amid growing U.S. demand for AI and crypto infrastructure.
Dubai real estate developer Damac Properties will invest $20 billion in data centres across the United States, President-elect Donald Trump announced on Tuesday.
U.S. President-elect Donald Trump on Tuesday announced a $20 billion new investment to build data centers across the United States. At a news conference at his home in Palm Beach, Florida, Trump said the investor is Emirati billionaire Hussain Sajwani, chairman of DAMAC properties.
DAMAC Properties commits billions to U.S. data centers, showcasing Trump’s influence in attracting major investments
Hussain Sajwani, CEO of DAMAC Properties, confirmed a significant $20 billion investment in the U.S. during a recent Mar-a-Lago event with President-elect Donald Trump. This move underscores the continued business ties between Trump and Sajwani,
The government reported another blowout jobs number, but the danger for Trump will be if the economy falters even slightly from the sky-high hopes that investors have for his administration.
President-elect Donald Trump announced Jan. 7 a $20B plan to ramp up data center development across the United States. The effort will be financed with an investment led by Emirati billionaire Hussain Sajwani, who is the head of Damac Properties, a luxury real estate developer in the Middle East and United Kingdom.
The real estate tycoon announced earlier this week that he planned to invest $20bn in data centres in eight US states over the coming years