Even in the emirate of Dubai — renowned for embracing ambitious projects — many were taken aback when local tycoon Hussain Sajwani stood beside Donald Trump to pledge a $20 billion investment in US data centers.
Damac Group's Hussain Sajwani partnered with the president-elect to build a Trump-branded golf course and invested in Elon Musk's SpaceX and xAI.
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.
Hussain Sajwani has built swaths of the Middle East’s glitziest commercial hub and made an ally of the US president-elect
Sajwani snapped a picture with Trump and Tesla boss Elon Musk at a Mar-a-Lago New Year's celebration last week.
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.
Dubai property billionaire Hussain Sajwani — who this week stood alongside President-elect Donald Trump to pledge a $20 billion investment in US data centers — is likely to lean heavily on banks and other financial institutions for much of that investment.
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
"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.