Donald Trump announces $20 billion Damac US investment

Donald Trump has announced a $20 billion (AED 73.4 billion) investment from Damac Properties to build data centres across the United States.

Speaking alongside the president-elect in Palm Beach Florida, Damac founder and chairmain Hussain Sajwani said he has been waiting for four years to increase his investment in the US and hailed Trump’s recent election victory.

"It's amazing news for me and my family when he [Trump] was [re]elected in November. We've been waiting four years to increase our investments in the US. It's a very large amount of money. We are a company operating in more than 20 countries around the world. 

"We have delivered more than 45,000 luxury units and another 45,000 more in the pipeline. In data centres we are in 10 countries around the world, in Asia, Europe and the Middle East.

"We are very excited now with his [Trump's] leadership and his open strategy and policy to encourage businesses to come to the US. For the last four years we have waited for this moment and we plan to invest $20 billion."

“It’s been amazing news for me and my family when he was elected…We have been waiting four years to increase our investments in the U.S.” Hussain Sajwani, CEO of DAMAC Properties

AMERICA IS BACK! pic.twitter.com/OaURgD3kqd

— Margo Martin (@margomartin) January 7, 2025

The investment is due to be part of projects in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana. 

Sajwani and Trump have a long-standing relationship, which includes a Trump golf club in Dubai, the only one in the Middle East, which opened in 2017.