Damac Properties Announces $20 Billion Investment in US Data Center Expansion

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Dubai’s Damac Properties Sets Eyes on the US with Massive $20 Billion Data Center Investment

In a groundbreaking announcement, Dubai-based real estate giant Damac Properties revealed plans to invest a staggering $20 billion in the United States to build state-of-the-art data centers. This ambitious move, announced by President-elect Donald Trump at his Mar-a-Lago estate in Florida, aims to position the US at the forefront of technological innovation while reinforcing Damac’s global reputation as a forward-thinking enterprise.

A Leap Toward Cutting-Edge Technology

Hussain Sajwani, the founder and chairman of Damac Properties, joined Trump during the announcement and expressed his optimism for the project. Sajwani highlighted that the investment would focus on creating data centers designed to cater to the growing demands of artificial intelligence (AI) and cloud computing businesses.

“We’ve been waiting four years to make such a significant commitment to the US market,” Sajwani remarked. He added that the company’s investment could potentially increase, depending on market conditions, indicating a strong belief in the US economy’s resilience and potential.

Targeted Locations for Growth

The first phase of this initiative will see data centers developed across key states, including Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. These locations were strategically selected to leverage their growing tech ecosystems and business-friendly environments.

Trump highlighted the project’s potential, stating, “This investment will support massive new data centers across the Midwest and the Sun Belt area, ensuring America remains on the cutting edge of technology.”

Global Expansion and Strategic Partnerships

Damac’s investment in the US follows a series of recent global initiatives. The company’s digital arm, Edgnex Data Centers, recently collaborated with Vodafone to invest $100 million in a data center project in Izmir, Turkey. This facility, boasting a capacity of six megawatts, is expected to be operational by 2025, further cementing Damac’s presence in the international tech space.

In addition to its ventures in the US and Turkey, Damac has also expanded its footprint in Saudi Arabia and Thailand, signaling a strategic pivot towards technology and digital infrastructure alongside its traditional real estate developments.

The Trump Effect on Foreign Investments

President-elect Trump emphasized that such major investments reflect the confidence international businesses have in his leadership. “They wouldn’t do it without this election,” Trump remarked, noting that Damac’s $20 billion pledge is one of several major foreign investments announced since his electoral victory. He also pointed out that companies investing over $1 billion would benefit from expedited processes under his administration.

This announcement follows SoftBank’s commitment to invest $100 billion in US projects, further underscoring the attractiveness of the American market for global investors.

Damac’s Legacy and Vision

Founded in 2002, Damac Properties has become synonymous with luxury real estate and visionary projects. From launching over 12,000 new residential units last year to unveiling the ambitious Damac Islands development in Dubailand, the company continues to innovate and lead. Its latest $20 billion venture into data centers not only diversifies its portfolio but also aligns with the increasing global demand for digital infrastructure—a trend accelerated by the pandemic.

With close ties to the Trump Organization, including collaborations on luxury golf courses and other high-profile projects, Damac’s new venture marks another chapter in its ambitious journey to redefine the real estate and tech industries.

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