Trump Announces $20 Billion Investment in U.S. Data Centers by Emirati Billionaire

Hussain Sajwani, a longtime Trump business partner, commits to building data centers across eight states, citing Trump's election as a key factor.

• Hussain Sajwani, CEO of Dubai-based DAMAC Properties, pledged $20 billion to develop data centers in the U.S., with potential to increase the investment further.
• The data centers will focus on powering AI and cloud technologies, with initial construction targeting Texas, Arizona, Ohio, Illinois, and other states in the Midwest and Sun Belt regions.
• President-elect Donald Trump highlighted the investment as a testament to renewed economic confidence following his election and vowed to expedite regulatory processes for large-scale projects.
• Sajwani, a close business partner of Trump, emphasized his excitement about the U.S. market and previously collaborated with Trump on luxury real estate developments in Dubai.
• The U.S. data center market is experiencing rapid growth, with projections of $1 trillion in investments over five years, driven by increasing demand for AI and digital infrastructure.