Dubai developer DAMAC Properties will invest at least $20 billion "over a very short period of time" in the U.S., primarily in data centers in the middle of the country, President-elect Donald Trump announced Tuesday,

"He was very inspired by the election and wouldn't do it without the election," Trump said.

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.

The rise of AI and cryptocurrency have revved up demand for data centers. Here's how Illinois may benefit from President-elect Donald Trump's plans to invest $20 billion in data centers.

By bnm Gulf bureau Dubai property developer Damac will invest at least $20bn in US data centres, focusing on artificial intelligence and cloud computing facilities, chairman Hussain Sajwani announced during a press conference with US President-elect Donald Trump in Florida.

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

President-elect Donald Trump announces an investment of at least $20 billion from Hussain Sajwani, head of Damac Group, to build new data centers in the US.The investment will support massive new data centers across the Midwest,