Trump Announces $20B US Data Center Deal With UAE’s DAMAC

Emirati billionaire Hussain Sajwani, chairman of Dubai-based DAMAC Properties, has announced a substantial USD 20 billion investment in the U.S. data center industry. The declaration was made alongside U.S. President-elect Donald Trump at Trump's Mar-a-Lago residence in Florida.

This investment aligns with President-elect Trump’s economic agenda, which prioritizes strengthening domestic industries and reducing reliance on foreign technology. Trump's focus on economic revitalization has emphasized increasing U.S.-based production and imposing higher tariffs on Chinese goods, particularly in the tech sector. The restrictions on exporting advanced AI chips to China have created a lucrative environment for domestic data center growth, which Sajwani aims to capitalize on.

Additionally, the surge in generative AI technologies, sparked by the introduction of OpenAI's ChatGPT in late 2022, has driven a corresponding need for extensive data center infrastructure. These centers require significant power generation and transmission capabilities to support the advanced computing demands of AI applications.

Sajwani’s USD 20 billion pledge is poised to support the U.S. economy by enhancing its technological backbone, creating jobs, and fostering innovation within the data center sector. As the industry continues to grow, this investment is expected to play a pivotal role in positioning the United States as a global leader in AI infrastructure and data management.