"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.

UAE-based digital infrastructure company Edgnex, part of the Damac Group, a UAE-headquartered property development company, ...

Tech companies have been racing o to set up data centers essential for powering generative artificial intelligence applications such as OpenAI’s ChatGPT and Google Gemini, which require ...

The landmark investment will largely focus on large-scale development projects in the Middle East, particularly in the UAE ...

The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump's personal ability to attract new money for big projects. The announcement follows a pledge made last ...

President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial ...

Stargate — the joint venture between OpenAI, Softbank and Oracle — is starting its AI infrastructure plans with 10 data ...

Ahead of his inauguration at the end of January, President-elect Donald Trump announced that Damac Properties, controlled by Emirati ...

Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.