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.

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.

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

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

DAMAC Properties commits billions to U.S. data centers, showcasing Trump’s influence in attracting major investments

President-elect Donald Trump's breezy rollout this week of a Dubai real estate developer's $20 billion pledge shows the chasm between tech's bold

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,

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.

CES should be called the AI Show as Nvidia and an uncountable number of emerging vendors are infusing AI into their future offerings.

President-elect Donald Trump announced Jan. 7 a $20B plan to ramp up data center development across the United States. The effort will be financed with an investment led by Emirati billionaire Hussain Sajwani, who is the head of Damac Properties, a luxury real estate developer in the Middle East and United Kingdom.