Emirati billionaire Hussain Sajwani has reportedly promised a $20 billion investment in the booming US data center industry in the coming years. The announcement was made by Sajwani and President-elect Donald Trump on Jan. 7 at Trump’s home in Palm Beach, Florida.
Trump won the 2024 election by making promises to build a better economy. His campaign focus had been to highlight and boost investments in US industries and his proposal to raise tariffs against the Chinese. And it looks like he has found a major partner for the former.
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So, who is Sajwani?
Sajwani is a prominent Emirati businessman and the founder and chairman of DAMAC Properties, a leading real estate development company in the United Arab Emirates (UAE). He is considered one of the wealthiest individuals in the Middle East. Sajwani made his fortune through real estate development, with a focus on luxury residential, commercial, and mixed-use properties.
Before founding DAMAC in 2002, he had a successful career in the food industry, where he started a catering business that served the UAE military and other clients. DAMAC Properties grew quickly under his leadership and became known for its high-end developments, including partnerships with international brands like Versace, Fendi, and Bugatti.
Sajwani is also recognized for his business ties with international figures, including his relationship with Trump, with whom he has collaborated on several luxury real estate projects.
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The two collaborated on several high-profile projects, including Trump-branded golf courses and resorts in Dubai, part of a broader partnership between Trump’s company and Sajwani’s DAMAC Properties.
Sajwani, the chairman of DAMAC, is a key figure in the UAE real estate sector, while Trump, the former U.S. president, is a renowned real estate mogul. Their partnership has been mutually beneficial, with Sajwani’s company developing iconic properties bearing the Trump brand, helping both parties expand their global business ventures and networks.