Hussain Sajwani, a longtime Trump ally, announced a multibillion-dollar investment amid growing U.S. demand for AI and crypto infrastructure.

President-elect Donald Trump on Tuesday announced that a company from the UAE will invest $20 billion to build data centers in the U.S., primarily in the Midwest and Sun Belt.

The landmark investment will largely focus on large-scale development projects in the Middle East, particularly in the UAE ...

Damac Group, the Dubai property company, has partnered with the Hong Kong-based blockchain platform Mantra to tokenise assets worth at least $1 billion. The project will use blockchain technology to ...

Damac Group's Hussain Sajwani partnered with the president-elect to build a Trump-branded golf course and invested in Elon ...

The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump's personal ability to attract new money for big projects. The announcement follows a pledge made last ...

We can use initially our own financial resources, but then [in the] second phase we can use [a] third party’s money,” Sajwani ...

Tue, January 7, 2025 at 7:31 PM UTC I was in the packed hall at Davos to hear Trump speak. The audience went from laughter to silence in seconds. Elizabeth Warren tells Elon Musk she's 'happy' to ...

DAMAC, one of Dubai's biggest developers, whose assets include real estate properties and data centres, has been investing in data centres across the world. On Tuesday, its Chairman Hussain ...

Sky is the limit on U.S. investing, Damac chairman tells CNBC Damac announced $20 billion planned investment into U.S. data centers during a press conference by U.S. President-elect Donald Trump.