President-elect Donald Trump on Tuesday announced a $20 billion investment in US-based data centers by Hussain Sajwani, the billionaire founder of DAMAC Properties and a close business associate ...

Through its unit Edgnex Data Centers, Damac will develop a 144-megawatt data center in Jakarta. First phase of the project ...

The Italian fashion house is seeking growth opportunities while its owner Hussain Sajwani channels billions into developing ...

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

The site where Edgnex will build the new AI facility was acquired in March 2025 and is now in early construction phases.

Hussain Sajwani makes his case from Mar-a-Lago. By Giacomo Tognini, Forbes Staff. ... There's a huge demand for AI," Sajwani, 71, told Forbes on Tuesday afternoon, ...

Then, last week, Hussain Sajwani, the chairman of Dubai-based luxury property developer Damac, stood by Trump at Mar-a-Lago to announce a $20 billion investment in the Midwest and Sunbelt for AI ...

Emirati billionaire Hussain Sajwani promised a $20 billion investment in the booming US data center industry in the coming years, he and President-elect Donald Trump announced on Tuesday at Trump ...

The data centers will primarily support AI and cloud technologies. “We’ve been waiting for years to increase our investments in the U.S.,” Sajwani said. “We’re trying to invest $20 ...

Trump, alongside DAMAC’s billionaire founder and CEO Hussain Sajwani, said at a news conference at Mar-A-Lago, Fla., that the data centers would support artificial intelligence and cloud services.

Microsoft cancels some of its AI data center leases. ... president Donald Trump announced a $20 billion data center funding initiative led by Emirati billionaire businessman Hussain Sajwani.