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DAMAC Group’s Hussain Sajwani Commits $20 Billion to US Data Center Expansion

DAMAC Group’s Hussain Sajwani Commits $20 Billion to US Data Center Expansion

DAMAC Group's Hussain Sajwani Commits $20 Billion to US Data Center Expansion

Dubai-based DAMAC Group’s chairman, Hussain Sajwani, has announced a $20 billion investment in the rapidly growing US data center industry. The investment, unveiled alongside US President-elect Donald Trump in Palm Beach, Florida, underscores DAMAC’s commitment to establishing a robust global digital infrastructure.

Sajwani’s plan involves EDGNEX Data Centers, a DAMAC subsidiary, spearheading the development of cutting-edge facilities in key states, including Texas, Arizona, Ohio, and Illinois. These new data centers are expected to generate thousands of American jobs and establish approximately 500MW of capacity during the initial phase. This phase will include land acquisition, partnerships, and the purchase of existing data center platforms, with facilities strategically located in the Sunbelt and Midwest regions.

“This marks a significant milestone for us as we expand into the US market, creating a future-ready digital infrastructure for businesses worldwide,” Sajwani stated.

DAMAC has also been diversifying its portfolio, investing in AI through a $50 million deal with Anthropic, as well as funding xAI, an AI startup founded by Elon Musk, and Mistral, a French AI company. Additionally, EDGNEX is advancing global operations, including a joint venture in Greece and operational facilities in Saudi Arabia and Thailand.

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Beyond data centers, DAMAC’s US ventures extend to real estate, with a $1 billion luxury condo project in Miami designed by Zaha Hadid Architects, and private equity investments. These efforts highlight DAMAC’s expansive strategy to diversify and lead in emerging markets.

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