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Data Center News > Blog > Global Market > UAE company to invest $20B in U.S. AI data centers
Global Market

UAE company to invest $20B in U.S. AI data centers

Last updated: January 10, 2025 9:52 pm
Published January 10, 2025
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A United Arab Emirates funding agency has pledged $20 billion to construct new information facilities concentrating on AI throughout plenty of areas throughout america.

Billionaire Hussain Sajwani, CEO and founding father of the property growth firm DAMAC Properties in Dubai, made the announcement at president-elect Donald Trump’s Florida dwelling, Mar-a-Lago. Sajwani is a close friend of Trump, in line with information stories.

Trump stated the primary section of the deliberate funding will happen in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana. And that’s only for starters. “They could go double, and even considerably greater than double, that amount of cash,” Trump stated of the deal.

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See also  Can smart electrification keep data centres from crashing the grid?
TAGGED: 20B, Centers, Company, data, Invest, U.S, UAE
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