WASHINGTON, D.C.: On January 7, Emirati businessman Hussain Sajwani, founder of DAMAC Properties, announced a $20 billion investment in the United States. The funds will be used to build state-of-the-art data centres focused on artificial intelligence (AI) and cloud storage across the country.

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President-elect Donald Trump introduced Sajwani at a press conference, describing the investment as a monumental step in strengthening U.S. tech infrastructure. Sajwani praised Trump’s leadership and pro-business policies for fostering an environment conducive to international investments.

“We’re very excited about his open strategy and policy to encourage businesses to come to the U.S. For the last four years, we’ve been waiting for this moment,” Sajwani stated during the announcement.

The investment marks DAMAC’s commitment to innovation and technological advancement, reinforcing its position as a global player in the real estate and tech industries. Sajwani’s vision for these data centres aligns with the growing demand for AI and cloud-based technologies, ensuring the U.S. stays competitive in a rapidly evolving digital landscape.

This $20 billion pledge also signals DAMAC’s dedication to fostering economic ties between the UAE and the United States. By investing in America’s future, Sajwani aims to create thousands of jobs, advance AI research, and expand the nation’s digital capabilities.

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Trump welcomed the investment as a game-changer, underscoring its potential to drive job creation and innovation. Sajwani’s announcement further cements DAMAC’s role as a forward-thinking corporation committed to global growth and collaboration.


Emirati businessman Hussain Sajwani, founder of DAMAC Properties, shares a longstanding relationship with Donald Trump, with a Trump-branded golf club in Dubai, the Middle East’s only one, launched under DAMAC before Trump left office in 2017. Ali Sajwani, managing director of DAMAC, recently expressed the company’s openness to future collaborations with the Trump Organisation, stating, “If the right opportunity presents itself, we are more than happy to work with our trusted partners.” The Trump Organisation, led by Trump’s son Eric Trump, is also collaborating with London-listed Dar Global on projects in Oman, Dubai, and Saudi Arabia, signalling further regional expansion. DAMAC, founded in 2002 and listed on the Dubai Financial Market in 2015, was delisted in 2022, returning to private ownership.

-Agencies