The United Arab Emirates-based billionaire Hussain Sajwani will invest $20 billion toward building data centers in the U.S., President-elect Donald Trump announced Tuesday, disclosing a massive ...

Trump, alongside DAMAC’s billionaire founder and CEO Hussain Sajwani, said at a news conference at Mar-A-Lago, Fla., that the data centers would support artificial intelligence and cloud services.

Hussain Sajwani makes his case from Mar-a-Lago. ... Sajwani took the firm private again in 2022 for $2.2 billion, a decision he chalks up to low demand for the stock at the time.

Hussain Sajwani, the founder and chairman of DAMAC Properties of Dubai, built the first Trump-branded golf course in the Middle East a decade ago. Listen to this article · 5:38 min Learn more.

Emirati billionaire Hussain Sajwani promised a $20 billion investment in the booming US data center industry in the coming years, he and President-elect Donald Trump announced on Tuesday at Trump ...

President-elect Donald Trump speaks as Hussain Sajwani, CEO of DAMAC Properties, listens during a news conference at Mar-a-Lago, Tuesday, Jan. 7, 2024, in Palm Beach, Fla. Evan Vucci / AP ...

Even in the emirate of Dubai — renowned for embracing ambitious projects — many were taken aback when local tycoon Hussain Sajwani stood beside Donald Trump to pledge a $20 billion investment ...

MILAN — Roberto Cavalli‘s owner Hussain Sajwani is shifting his attention to a project that is aiming to support the growing demand for data storage and processing related to AI and other technologies ...

Emirati billionaire Hussain Sajwani said on Friday he expects more investments from the oil-rich Gulf into the U.S. as President-elect Donald J. Trump's second term in office heralds a "pro ...