President-elect Donald Trump announced last week that Dubai developer DAMAC Properties will invest at least $20 billion “over a very short period of time” in data centers across the U.S., including in Texas.

The rise of AI and cryptocurrency have revved up demand for data centers. Texas stands to be a hub for such facilities.

Hussain Sajwani, the founder and chairman of DAMAC Properties of Dubai, built the first Trump-branded golf course in the Middle East a decade ago.

Hussain Sajwani and Donald Trump have a long-standing business relationship. In 2013, they partnered to create the first Trump-branded golf course in the Middle East

Sajwani snapped a picture with Trump and Tesla boss Elon Musk at a Mar-a-Lago New Year's celebration last week.

U.A.E. real estate tycoon and Trump pal has a history of audacious projects, but can he come up with the pledged $20 billion? He makes his case from Mar-a-Lago.

Now, Sajwani, who has had close ties with Trump and his family over the years, seemingly has plans to supercharge the firm’s U.S. investment. Sajwani, who is in his early 70s, was at Mar-a-Lago Club in Palm Beach when Trump made the announcement of Damac’s data centers bet.

President-elect Donald Trump has announced a $20 billion investment in US data centers from Dubai-based billionaire Hussain Sajwani, further strengthening his ties with the prominent Middle Eastern businessman.

President-elect Trump announced Tuesday that Emirati billionaire Hussain Sajwani plans to invest $20 billion in the United States “over a very short period of time” to build data centers across

United Arab Emirates businessman Hussain Sajwani, CEO of DAMAC Properties, announced a $20 billion investment in U.S. data centers, citing President-elect Donald Trump’s leadership as a key motivator.

Dubai real estate developer Damac Properties will invest $20 billion in data centres across the United States, President-elect Donald Trump announced on Tuesday.

Texas — already magnet for data center builds ... The effort will be financed with an investment led by Emirati billionaire Hussain Sajwani, who is the head of Damac Properties, a luxury ...