9 sources·Business

DAMAC Announces $20 Billion Investment in U.S. Data Centers Following Trump Election Victory

Emirati billionaire Hussain Sajwani pledges a $20 billion investment for U.S. data centers, citing President-elect Trump's election win as a motivating factor.

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Updated: Jan 7th, 2025, 4:17 PM ET

Summary

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President-elect Donald Trump announced a $20 billion commitment from Emirati billionaire Hussain Sajwani's DAMAC Properties to build new data centers across various U.S. states. Sajwani associates the decision with Trump's election victory, emphasizing plans for developments concentrated in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. Sajwani's investment reflects a trend of foreign leaders pledging investments in the U.S. following Trump's win, with other commitments, such as SoftBank's $100 billion investment to boost tech jobs, adding to the momentum. This venture aims to support the growing digital economy and AI advancements.

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