Trump says UAE billionaire will invest $20 billion to build data centers in US
2025-01-08 17:08:05

U.S. President-elect Donald Trump said Tuesday that UAE billionaire Hussein Sajwani will invest at least $20 billion to build data centers across the U.S.

The investment will support the construction of large-scale new data centers in key U.S. regions, i.e., the Sunbelt and Midwest states, in order to maintain U.S. leadership in technology, Trump said at a press conference at his Mar-a-Lago resort in Florida on the same day.

He added that the development of artificial intelligence relies heavily on the support of data centers, which will become a very popular field in the coming years.

Sajwani is a billionaire from the UAE and chairman of Damac Properties (DAMAC). Based in Dubai, UAE, DAMAC is one of the largest real estate development companies in the Middle East.

Email Subscription
Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.
ASIA TECH WIRE

Grasp technology trends

Download