'The sky is the limit' on Damac investment in the U.S., Dubai property giant's chief says

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'The sky is the limit' on Damac investment in the U.S., Dubai property giant's chief says
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'We can use initially our own financial resources, but then [in the] second phase we can use [a] third party's money,' Sajwani said of the planned investment.

Damac announced $20 billion planned investment into U.S. data centers during a press conference by U.S. President-elect Donald Trump.DUBAI, United Arab Emirates — The sky's the limit when it comes to Dubai property giant Damac's investment in the United States, the company's chairman told CNBC on Thursday.announced a $20 billion foreign investment by the Emirati company to build new data centers across the U.S.

Asked by CNBC's Dan Murphy if he would eventually invest more in the U.S., Sajwani replied: "Well I mean, the sky is the limit, we can invest more, as much as the market takes, then the limitation is not on."

 

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