Hussain Sajwani, the president-elect, has announced a$ 20 billion funding in US data locations from Dubai-based businessman Hussain Sajwani, more extending his ties to the well-known Middle Eastern business.
At a press conference at Trump’s Mar-a-Lago beach in Florida, Sajwani, the president of DAMAC Properties, revealed his commitment to creating information centres across key state, including Arizona, Texas, and Michigan. “This investment will support massive new data centers and keep America on the cutting edge of artificial intelligence and technology,” Trump said.
Sajwani, 71, who is worth an estimated$ 5.1 billion, hinted that his contribution could exceed$ 20 billion if market conditions permit. The businessman called Trump’s victory “amazing information for me and my relatives”
Important information
The project’s scope: The initial phase of Sajwani’s investment targets the Midwest and Sun Belt regions, with facilities essential for storing and processing data needed to power advanced technologies like AI.
Trump-Sajwani partnership: Trump introduced Sajwani as “one of the most respected business leaders in the Middle East, indeed the world.” The two share a longstanding relationship, with Sajwani’s DAMAC Properties having developed the Trump-branded golf course in Dubai.
Global data center expansion: Sajwani’s DAMAC has been heavily investing in data centers worldwide, recently committing $3 billion to projects in Southeast Asia and over $400 million in Spain.
Background
Hussain Sajwani founded DAMAC Properties in 2002, making it a global chief in Dubai and the surrounding area. His relationship to Trump became well-known in 2016 when he attended a Mar-a-Lago New Year’s Eve party. Trump’s global business relations during his presidency were criticized for DAMAC’s association with the Trump Organization on the Dubai golf lessons.
Important quote
” For people who play sport, they understand that Trump delivers the highest value of golf programs”, Sajwani told Forbes in 2017, reflecting their shared projects.
With this$ 20 billion pledge, Sajwani joins a wave of major investors like Microsoft, which announced an$ 80 billion investment in AI infrastructure, underscoring the importance of data centers in the race for technological dominance.
