DAMAC's Sajwani to Invest $20B in US Data Centres

Hussain Sajwani, Chairman of Dubai-based DAMAC Group, has announced an ambitious $20 billion investment plan for the US data centre sector. The announcement, made alongside US President-elect Donald Trump at Trump’s residence in Palm Beach, Florida, highlights the company’s commitment to tapping into America’s growing demand for data infrastructure.

“They may go double, or even somewhat more than double, that amount of money,” President-elect Trump said of DAMAC Group.

Expanding Data Centres Across Key US States

DAMAC’s EDGNEX Data Centres division will spearhead the initiative by constructing new facilities in states such as Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. This expansion is expected to create thousands of jobs, bolstering local economies and supporting the digital transformation of businesses across the nation.

“This is an extremely exciting moment for us. Our foray into the US market in data centres represents a significant milestone in our journey to build a global digital infrastructure platform that will empower businesses today and, in the future,” Sajwani said in a statement.

Multi-Phase Development Plan

The project’s first phase will focus on forming strategic partnerships, acquiring land and utilities, and purchasing existing data centres and platforms. This phase aims to establish a robust 500MW capacity, with initial facilities planned for the Sunbelt and Midwest regions.

Sajwani Joins Global Business Leaders Backing US Growth

Sajwani’s investment pledge follows a trend of international business leaders committing substantial funds to the US economy. For instance, SoftBank CEO Masayoshi Son recently announced a $100 billion investment to create 100,000 jobs during Trump’s presidential term.

Diversifying Investments in Artificial Intelligence

In addition to its data centre ventures, DAMAC is expanding into the artificial intelligence (AI) sector. The group recently secured a $50 million deal with Anthropic, an AI research company, and has also invested in xAI, founded by Elon Musk, and Mistral, a French AI startup. These moves underline DAMAC’s strategy to diversify its portfolio and align with emerging technologies.

Global Expansion and Joint Ventures

Earlier in December, EDGNEX partnered with PPC Group to launch a high-tech data centre in Sparta, Greece, under a joint venture named Data In Scale. With operations spanning 10 countries, including the UAE, Malaysia, and Italy, EDGNEX’s projected capacity is set to exceed 1000MW. Current facilities include over 10MW in Saudi Arabia and a 5MW data centre in Thailand, set to go live in early 2025.

Broader US Investments in Real Estate

DAMAC’s US ventures extend beyond technology. The company is also making waves in real estate with a $1 billion luxury condo project in Miami, designed by the renowned Zaha Hadid Architects. This project reflects DAMAC’s vision of blending cutting-edge design with premium property development.

A Bold Vision for the Future

Hussain Sajwani’s investments underscore DAMAC’s confidence in the US market and its dedication to fostering innovation and growth. From data centres to AI and real estate, the group is positioning itself as a key player in shaping the future of multiple industries.