Hussain Sajwani, the founder of Damac Properties, has announced plans to invest an impressive $20 billion in data centres across the United States. Former President Donald Trump revealed this significant news during a recent press conference, highlighting the UAE entrepreneur’s major move into the US tech and infrastructure market.
Sajwani’s investment will primarily focus on building and operating state-of-the-art data centers throughout the US, addressing the increasing demand for cloud services, data storage, and digital infrastructure. This initiative aligns with the global shift towards greater reliance on data-driven technologies, positioning Sajwani’s involvement as a crucial step in enhancing the nation’s tech landscape.
The investment is anticipated to substantially boost the US tech sector, especially since data centers are essential for supporting cloud computing, artificial intelligence, and the Internet of Things. It is expected to generate thousands of jobs and deliver significant economic advantages to various regions in the US.
Trump, who has maintained a strong relationship with Sajwani, praised the investment as beneficial for US technological advancement and international business partnerships. This announcement has generated excitement about the potential for further collaborations between the UAE and the US in the realm of digital infrastructure and technology.
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