U.A.E. real estate tycoon and Trump pal has a history of audacious projects, but can he come up with the pledged $20 billion? He makes his case from Mar-a-Lago.

Emirati billionaire Hussain Sajwani said on Friday he expects more investments from the oil-rich Gulf into the U.S. as President-elect Donald J. Trump's second term in office heralds a "pro-business" climate.

Tech companies have been racing o to set up data centers essential for powering generative artificial intelligence applications such as OpenAI’s ChatGPT and Google Gemini, which require

President-elect Donald Trump on Tuesday announced a $20 billion investment in US-based data centers by Hussain Sajwani, the billionaire founder of DAMAC Properties and a close business associate of the Trump family.

Hussain Sajwani, a longtime Trump ally, announced a multibillion-dollar investment amid growing U.S. demand for AI and crypto infrastructure.

President-elect Donald Trump drew another expression of support on Tuesday, as a billionaire businessman from the United Arab Emirates, Hussain Sajwani, promised to spend at least $20 billion in the U.

Dubai real estate developer Damac Properties will invest $20 billion in data centres across the United States, President-elect Donald Trump announced on Tuesday.

President-elect Donald Trump is expected to announce a $20 billion investment into building data centers in the United States by the Emirati company led by a billionaire who is a close business partner of the Trump family.

Sajwani snapped a picture with Trump and Tesla boss Elon Musk at a Mar-a-Lago New Year's celebration last week.

Emirati billionaire Hussain Sajwani pledged $20 billion for U.S. data center investments during an announcement at Mar-a-Lago. This aligns with President-elect Donald Trump's economic agenda to boost domestic industries and curb China's access to advanced technology.

A United Arab Emirates investment firm has pledged $20 billion to build new data centers targeting AI across a number of locations across the United States.