“A UAE real estate magnate close to Donald Trump is pumping billions of dollars into data centres, hoping to cash in on the AI boom and become the global leader in the field. DAMAC Properties chairman Hussain Sajwani, who attended the US president's 2025 inauguration and is second on Forbes' Arab rich-list, sees "huge" potential in data as demand for computing power soars. Sajwani, whose Instagram feed pictures him with the likes of Trump, Elon Musk and Jeff Bezos, rode Dubai's real estate rollercoaster to amass a net worth of $15.3 billion, according to Forbes.
Original story
Continue reading at Al-Monitor
www.al-monitor.com
Summary generated from the RSS feed of Al-Monitor. All article rights belong to the original publisher. Click through to read the full piece on www.al-monitor.com.