"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.

Dubai property firm Damac Properties plans to invest $20B in data centers across the U.S., President-elect Donald J. Trump said on Tuesday during a news conference at his Mar-a-Lago resort. The ...

President Donald Trump is announcing investments worth up to $500 billion for infrastructure tied to artificial intelligence ...

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 ...

Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging ...

The deal will allow token-based financing of DAMAC's wide range of portfolio companies that includes real estate development, hospitality and data centers.

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

U.S. President-elect Donald Trump is set to announce a $20 billion investment for building data centers across America, backed by Emirati billionaire Hussain Sajwani, chairman of DAMAC properties.

President-elect Donald Trump announced last week that Dubai developer DAMAC Properties will invest ... Also included in the possible investment are Arizona, Oklahoma, Ohio, Illinois, Louisiana ...

Sajwani, the Emirati billionaire, founded Damac Properties in 2002 ... The Damac announcement follows other foreign investment deals that have been unveiled since Trump's election, including ...