Hussain Sajwani: Dubai Billionaire Pledges $20 Billion for U.S. Data Centers in Partnership with Trump
January 8, 2025
Hussain Sajwani is a prominent Emirati businessman and billionaire, best known as the founder and chairman of DAMAC Properties, one of the leading real estate development companies in the Middle East. Born in 1953 in Dubai, he holds a degree in Industrial Engineering and Economics from the University of Washington. Sajwani began his career in the early 1980s as a contracts manager at Abu Dhabi Gas Industries before venturing into the catering business, which laid the groundwork for his entrepreneurial journey. In 2002, he established DAMAC Properties, which has since grown into a major player in luxury real estate, delivering thousands of residential units and expanding into various sectors including hospitality and fashion.
Recently, Sajwani made headlines with a significant announcement alongside President-elect Donald Trump. He pledged an investment of $20 billion to build data centers across several U.S. states, including Texas, Arizona, and Michigan. This investment aims to bolster the U.S. position in emerging technologies such as artificial intelligence. Sajwani indicated that this amount could potentially increase depending on market conditions.
The partnership between Sajwani and Trump is not new; they have collaborated on various projects in the past, including a Trump-branded golf course in Dubai.
Sajwani’s wealth is estimated at around $5.1 billion, and he has been recognized for his contributions to real estate and business leadership in the region. His philanthropic efforts are also notable, with initiatives supporting education and humanitarian causes through the Hussain Sajwani – DAMAC Foundation.
In summary, Hussain Sajwani is a key figure in both the real estate sector and international investment landscapes, now further solidifying his influence with substantial commitments to technology infrastructure in the United States.
