Hussain Sajwani is the founder and chairman of DAMAC Properties, a major private real-estate developer based in the United Arab Emirates. On January 7, 2025, then President-elect Donald Trump announced that DAMAC would invest at least $20 billion in U.S. data centers. Sajwani said the company was planning a $20 billion investment in facilities for artificial-intelligence and hyperscaler cloud businesses, with more possible if opportunities arose. That was an announced plan—not confirmation that the full amount had been spent or that the proposed centers were operating.
Who is Hussain Sajwani?
Sajwani is an Emirati billionaire businessman who founded DAMAC Properties and serves as its chairman. DAMAC is a major private property developer in the UAE. The company has also had a prior business connection with Trump: AP reported that DAMAC built the Trump International Golf Club at a DAMAC development in Dubai. That background establishes an existing business relationship, but it does not establish how the data-center plan would be financed or what its outcome would be. CBS News; Associated Press
What did Trump announce, and what did Sajwani say?
At a January 7, 2025, press conference at Mar-a-Lago, Trump said DAMAC would invest “at least $20 billion” in the United States “over a very short period of time,” adding that the amount might be double or more. Sajwani described DAMAC’s plan as $20 billion for data centers serving AI and cloud businesses for hyperscalers—large-scale cloud providers—and said the company could invest more if market opportunities allowed. The distinction matters: Trump announced an expected investment, while Sajwani described the company’s plan. Neither statement establishes that the money had already been invested. The January 7 remarks, as transcribed by Rev
Where were the data centers planned?
Trump named eight intended first-phase states: Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. CBS also reported those planned locations. They were proposed destinations, not confirmation that a facility had been completed or was operating in any of them. Associated Press; CBS News
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What was known about the plan’s progress?
January 2025: land, construction and financing plans
In a January 9, 2025, Bloomberg interview, Sajwani said DAMAC was speaking with landowners and hoped to announce land acquisitions before hiring designers and contractors. He described a plan to lease the centers to hyperscalers and other large companies rather than sell them. He also said borrowing was expected to be a major source of capital, with equity coming in as centers were built. These were Sajwani’s descriptions of intended execution and financing, not independently verified financing arrangements. Bloomberg interview, January 9, 2025
October 2025: Sajwani reported land purchases
In a CNN interview on October 30, 2025, Sajwani said DAMAC had bought some land in the United States and remained committed to the $20 billion plan. He also said the company had more than 20 data centers under construction in 12 countries. That figure described DAMAC’s reported global activity, not the number of U.S. centers; the interview does not independently establish the total amount invested in the U.S. plan or that its proposed facilities were complete or operating. CNN interview transcript, October 30, 2025
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How would DAMAC’s data-center business work?
The announced plan was not simply to sell a finished property. Sajwani described DAMAC as developing data centers and leasing them to hyperscalers and other large companies. In that model, DAMAC would arrange or own the facilities and tenants would use the computing infrastructure; the January interview described prospective land, contractors, borrowing, and leasing as parts of the plan. The cited accounts do not establish the final ownership, financing, tenant agreements, construction schedule, or operating status of specific U.S. sites.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the announcement does—and does not—confirm
- Confirmed as an announcement: Trump publicly announced a commitment of at least $20 billion on January 7, 2025, and Sajwani said DAMAC planned to invest $20 billion in data centers for AI and hyperscaler cloud demand.
- Named as intended locations: eight states were identified for a first phase; their inclusion does not prove a center was built there.
- Reported progress: Sajwani said in October 2025 that DAMAC had acquired some U.S. land and remained committed to the investment.
- Not established by these accounts: that DAMAC had spent the full $20 billion, completed all planned U.S. facilities, or begun operating them.
Trump and Sajwani each linked their enthusiasm to the election in their remarks, but those comments are their explanations, not proof that the election caused the investment. The proposed data-center plan should also be kept distinct from DAMAC’s earlier Trump-branded Dubai golf-club project. Rev transcript of the January 7 remarks; Associated Press
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