Who is DAMAC, The Company Vowing to Invest $20 Billion to Build Data Centers in the Midwest

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A massive new investment in the United States is on the horizon, with a UAE-based company planning to invest $20 billion to build data centers in the heartland and beyond.

Key Facts:

• DAMAC, headquartered in Dubai, intends to invest $20 billion in data centers across the Midwest and Sun Belt.
• President-elect Donald Trump introduced DAMAC’s chairman, Hussain Sajwani, at a press event in Florida.
• States slated to benefit include Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.
• The company hopes to expand cloud and AI infrastructure to serve “hyperscaler” companies.

The Rest of The Story:

President-elect Trump made the announcement alongside DAMAC Chairman Hussain Sajwani at Mar-a-Lago.

Sajwani said DAMAC has been eager to boost its U.S. investments and believes this is the right moment, given America’s growing interest in advanced tech solutions.

The first stage of the plan aims to enhance AI and cloud-based services, aligning with the market’s heightened demand.

DAMAC is well known in Dubai for large-scale developments, including luxury real estate projects.

Shifting its focus to data centers in the United States highlights the global trend toward advanced computing infrastructure.

Sajwani mentioned that if conditions remain favorable, DAMAC’s $20 billion commitment could double, raising the potential for more jobs and new tech hubs in these regions.

Observers note that the announcement signals strong faith in the U.S. as a strategic environment for data-driven growth.

Expanding these technology facilities will offer resources to major organizations seeking to store and process massive quantities of data.

While details on construction timelines and specific sites are still emerging, supporters see the plan as a timely opportunity to modernize and diversify local economies.

The Bottom Line:

DAMAC’s move could transform parts of the Midwest and Sun Belt into key data and AI centers.

For local communities, this influx of funding may bring employment opportunities tied to cloud and advanced robotics.

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With America’s appetite for cutting-edge technology at an all-time high, DAMAC’s plan may help fortify the nation’s digital infrastructure.