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UAE’s Damac founder praises Trump after $20B US data center pledge

Joining Trump for a rally in Florida on Tuesday, Sajwani, the president-elect’s self-styled right-hand man in the Middle East, announced that his company would invest at least $20 billion in new US data centers from Arizona to Ohio.

President-elect Donald Trump listens as DAMAC Properties CEO Hussain Sajwani speaks to members of the media during a press conference at the Mar-a-Lago Club on Jan. 7, 2025 in Palm Beach, Florida.
President-elect Donald Trump listens as DAMAC Properties CEO Hussain Sajwani speaks to members of the media during a press conference at the Mar-a-Lago Club on Jan. 7, 2025 in Palm Beach, Florida. — Scott Olson/Getty Images

Damac Properties founder and chairman Hussain Sajwani has praised Donald Trump as being “very pro-business” and is optimistic that more US-Middle East company partnerships will follow under his presidency. His comments come days after the Dubai-based billionaire and ally of the president-elect pledged to pour at least $20 billion into building data centers across America.

Damac Properties, a luxury real estate developer, was founded in 1982 and has been listed on the Dubai Financial Market since early 2015. 

Joining Trump for a rally in Florida on Tuesday, Sajwani, the president-elect’s self-styled right-hand man in the Middle East, announced that his company would invest at least $20 billion in new US data centers from Arizona to Ohio.

Asked in an interview with CNBC published Thursday if he planned to later invest more in the United States, the Emirati business magnate Sajwani said, “Well, I mean, the sky is the limit. We can invest more, as much as the market takes, then the limitation is not on.”

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