UAE Investor Hussain Sajwani to Invest $20 Billion in US Data Centers, Trump Announces

[Trump Announces UAE Investor to Invest $20 Billion in Building Data Centers in the US]

SMM, January 8—US President-elect Donald Trump stated on January 7 that UAE investor Hussain Sajwani will invest $20 billion in building data centers in the US. Trump made the announcement during a press conference held at Mar-a-Lago in Florida, saying that the investment will support the construction of large new data centers in the "Sun Belt" regions of the Midwest, South, and Southwest of the US to maintain the country's leading position in the technology sector. He also noted that the development of artificial intelligence largely depends 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 the chairman of DAMAC Properties. Headquartered in Dubai, UAE, DAMAC Properties is one of the largest real estate developers in the Middle East.