Trump Announces $20 Billion UAE Data Center Investment

President-elect Donald Trump on Tuesday announced a $20 billion investment for data centers in the United States by a United Arab Emirates company led by billionaire Hussain Sajwani, a close business partner of the Trump family.The Emirati business owner, who leads DAMAC Properties, based in Dubai, cited Trump's leadership as a driving force behind the decision, stating, 'It's been amazing news for me and my family when he was elected.

'Newsweek has reached out to both the Trump transition team and DAMAC Properties for further comment.Several tech leaders have urged the U.S. to increase its investment in data center infrastructure, emphasizing the growing demands of the rapidly expanding AI industry and crypto.Sajwani, CEO of DAMAC Properties and longtime Trump business partner, announced a $20 billion investment in U.S. data centers as part of expanding his EDGNEX portfolio.At Tuesday's news conference, Trump attributed Sajwani's commitment to the initiative to the recent election, stating, 'He was very inspired by the election and wouldn't do it without the election.'The president-elect also highlighted his plans to fast-track investments of $1 billion or more through the environmental regulatory review process, signaling a focus on streamlining major projects.Known for his luxurious real estate projects, DAMAC has developed Trump-branded properties in Dubai, but this is Sajwani's first major data center initiative in the U.S.Born in 1953 in the U.A.E, Sajwani grew up in a family of entrepreneurs. Inspired by his father's shop, he developed an early interest in business and later earned a degree in industrial engineering and economics from the University of Washington.He started his career catering for U.S. military operations during the Gulf War, which paved the way for founding DAMAC Properties in 200

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