President-elect Donald Trump announced last week that Dubai developer DAMAC Properties will invest at least $20 billion “over a very short period of time” in data centers across the U.S., including in Texas.

President-elect Donald Trump has announced a $20 billion investment in US data centers from Dubai-based billionaire Hussain Sajwani, further strengthening his ties with the prominent Middle Eastern businessman.

Sajwani snapped a picture with Trump and Tesla boss Elon Musk at a Mar-a-Lago New Year's celebration last week.

U.A.E. real estate tycoon and Trump pal has a history of audacious projects, but can he come up with the pledged $20 billion? He makes his case from Mar-a-Lago.

The rise of AI and cryptocurrency have revved up demand for data centers. Texas stands to be a hub for such facilities.

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.

Now, Sajwani, who has had close ties with Trump and his family over the years, seemingly has plans to supercharge the firm’s U.S. investment. Sajwani, who is in his early 70s, was at Mar-a-Lago Club in Palm Beach when Trump made the announcement of Damac’s data centers bet.

President-elect Trump announced Tuesday that Emirati billionaire Hussain Sajwani plans to invest $20 billion in the United States “over a very short period of time” to build data centers across

Hussain Sajwani and Donald Trump have a long-standing business relationship. In 2013, they partnered to create the first Trump-branded golf course in the Middle East

United Arab Emirates businessman Hussain Sajwani, CEO of DAMAC Properties, announced a $20 billion investment in U.S. data centers, citing President-elect Donald Trump’s leadership as a key motivator.

Dubai real estate developer Damac Properties will invest $20 billion in data centres across the United States, President-elect Donald Trump announced on Tuesday.

Dubai developer DAMAC Properties will invest at least $20 billion "over a very short period of time" in the U.S., primarily in data centers in the middle of the country, President-elect Donald Trump announced Tuesday, as the company's billionaire founder and CEO, Hussain Sajwani, stood nearby.