Dubai-based developer of Surfside collapse site plans $20B US data centers investment
Now, Sajwani, who has had close ties with Trump and his family over the years, seemingly has plans to supercharge the firm’s U.S. investment. Sajwani, who is in his early 70s, was at Mar-a-Lago Club in Palm Beach when Trump made the announcement of Damac’s data centers bet.
U.A.E. real estate tycoon and Trump pal has a history of audacious projects, but can he come up with the pledged $20 billion?
President-elect Donald Trump has announced that Dubai-based developer DAMAC Properties — owned by Hussain Sajwani — will be investing $20 billion for data center development in the United States.
The rise of AI and cryptocurrency have revved up demand for data centers. Texas stands to be a hub for such facilities.
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