Donald Trump announces $20B investment by Emirati billionaire for US data centers
Live MintPresident-elect Donald Trump on Tuesday announced a $20 billion investment in US data centers by DAMAC Properties, a real estate firm led by Emirati billionaire Hussain Sajwani, a long-time business associate of Trump. The move marks a significant commitment by DAMAC, one of the top private developers in the United Arab Emirates, and underscores Trump’s emphasis on using his presidency to attract substantial international investments. Close ties with Trump Sajwani's appearance at Trump’s Mar-a-Lago estate in Florida after his re-election in November has drawn attention to their continued partnership. Sajwani recently shared a photo of himself with Trump and billionaire Elon Musk at a New Year’s Eve celebration, further highlighting his proximity to Trump’s inner circle.