Emirati billionaire Hussain Sajwani has pledged a staggering $20 billion investment in the rapidly expanding U.S. data center industry. The announcement came during an event at President-elect Donald Trump’s Mar-a-Lago residence in Florida on Tuesday.
Trump, riding a wave of voter support for economic revival, has emphasized strengthening domestic industries and countering China’s influence in advanced technology sectors. His administration plans to impose higher tariffs on Chinese goods to limit Beijing’s access to critical semiconductor technology for data centers.
“We’re looking at an investment of $20 billion, potentially more, depending on market conditions,” stated Sajwani, chairman of Dubai-based DAMAC Properties. The Emirati tycoon made the declaration alongside Trump, underscoring their strong business rapport.
Sajwani’s DAMAC is no stranger to Trump-branded ventures, having launched the Middle East’s first Trump-branded golf course in Dubai in 2017. The billionaire is also a familiar figure in Trump’s social circles, having rung in the New Year at Mar-a-Lago.
For Trump, such announcements resonate with his push for economic growth, though the results have occasionally fallen short. A notable example is the $10 billion Foxconn investment in Wisconsin, declared during his first term, which largely failed to deliver on its job creation promises.
As Sajwani’s investment promise fuels optimism, industry analysts remain cautious, waiting to see if this ambitious plan will translate into tangible outcomes for the U.S. economy.
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