"We can use initially our own financial resources, but then [in the] second phase we can use [a] third party's money," Sajwani said of the planned investment.

Dubai property firm Damac Properties plans to invest $20B in data centers across the U.S., President-elect Donald J. Trump said on Tuesday during a news conference at his Mar-a-Lago resort. The ...

OpenAI, Softbank and Oracle will join forces to create Stargate, a new company investing $500 billion in AI infrastructure.

The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump's personal ability to attract new money for big projects. The announcement follows a pledge made last ...

The landmark investment will largely focus on large-scale development projects in the Middle East, particularly in the UAE ...

Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging ...

Stargate — the joint venture between OpenAI, Softbank and Oracle — is starting its AI infrastructure plans with 10 data ...

Emirati billionaire Hussain Sajwani promised a $20 billion investment in the booming ... Trump introduced Hussain Sajwani, chairman of DAMAC Properties, as “one of the most respected business ...

The deal will allow token-based financing of DAMAC's wide range of portfolio companies that includes real estate development, hospitality and data centers.

President-elect Donald Trump announced last week that Dubai developer DAMAC Properties will invest ... Also included in the possible investment are Arizona, Oklahoma, Ohio, Illinois, Louisiana ...

President Trump announced a multibillion-dollar artificial intelligence infrastructure deal Tuesday with private tech companies, predicting the planned data centers will create more than 100,000 jobs ...

Sajwani, the Emirati billionaire, founded Damac Properties in 2002 ... The Damac announcement follows other foreign investment deals that have been unveiled since Trump's election, including ...