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Will DAMAC double their initial $20 billion investment in U.S. AI data centers by 2026?
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Donald Trump•Hussain Sajwani•DAMAC Properties•United States•Texas•Arizona•Oklahoma•Louisiana•Ohio•Illinois•Michigan•Indiana•Midwest•Sunbelt•Sajwani•Trump
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Official announcements from DAMAC or U.S. government statements
Story
Trump and DAMAC's Sajwani Announce $20 Billion AI Data Center Investment in Midwest and Sunbelt
Jan 7, 2025, 04:32 PM
President-elect Donald Trump announced a $20 billion foreign investment from billionaire Hussain Sajwani, chairman of DAMAC Properties, to build new AI data centers across the United States. The data centers will be constructed in eight states—including Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana—covering the Midwest and Sunbelt regions. Sajwani expressed enthusiasm about investing in the U.S., stating he has been waiting four years for this opportunity and was inspired by Trump's election. Trump mentioned the possibility of doubling the investment and reiterated expedited reviews for investments over $1 billion to facilitate the projects.
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