"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.

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Sajwani said Damac had been waiting for the right moment to boost its investments in the US and the figure could be more than $20bn “if the market allows” it. Donald Trump has vowed to rename the “Gulf of Mexico” as the “Gulf of America”,

The developer of the Surfside collapse site plans to pump at least $20 billion into data centers across the U.S. Dubai-based Damac Properties, led by Hussain Sajwani, will target data centers in Arizona,