"We can use initially our own financial resources, but then [in the] second phase we can use [a] third party's money," Sajwani said of the planned investment.

Dubai property firm Damac Properties plans to invest $20B in data centers across the U.S., President-elect Donald J. Trump said on Tuesday during a news conference at his Mar-a-Lago resort. The ...

Tech companies have been racing o to set up data centers essential for powering generative artificial intelligence applications such as OpenAI’s ChatGPT and Google Gemini, which require ...

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 ...

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

President Donald Trump is announcing investments worth up to $500 billion for infrastructure tied to artificial intelligence ...

Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging ...

Stargate — the joint venture between OpenAI, Softbank and Oracle — is starting its AI infrastructure plans with 10 data ...

The deal will allow token-based financing of DAMAC's wide range of portfolio companies that includes real estate development, hospitality and data centers.

Sajwani, the Emirati billionaire, founded Damac Properties in 2002 ... The Damac announcement follows other foreign investment deals that have been unveiled since Trump's election, including ...