President-elect Donald Trump on Tuesday announced a $20 billion investment in US-based data centers by Hussain Sajwani, the billionaire founder of DAMAC Properties and a close business associate of the Trump family.

Emirati billionaire Hussain Sajwani said on Friday he expects more investments from the oil-rich Gulf into the U.S. as President-elect Donald J. Trump's second term in office heralds a "pro-business" climate.

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.

Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.

Dubai real estate developer Damac Properties will invest $20 billion in data centres across the United States, President-elect Donald Trump announced on Tuesday.

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,

Texas — already magnet for data center builds— stands to benefit from a proposed $20 billion investment announced by President-elect Donald Trump.

President-elect Donald Trump has announced that Hussain Sajwani, an Emirati billionaire businessman who founded the property development giant DAMAC Properties, will invest $20 billion in new data centers across the United States.