Mr. Hussain Sajwani, Founder and Chairman of Damac, with US President-elect Donald Trump. Credits: @HussainSajwani via X.

UAE-based digital infrastructure company Edgnex, part of the Damac Group, a UAE-headquartered property development company, has announced plans to invest $20bn in the US data centre industry.

US President-elect Donald Trump and Damac Group’s founder Hussain Sajwani announced the plans at a press conference in Palm Beach, Florida. The scene mirrored a $100bn pledge by Softbank’s CEO Mayashi Son alongside Trump in December at his Mar a Lago resort.

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Sajwani and his family have done business with Trump in the past. DAMAC Properties developed Trump International Golf Club before his first term in 2016. At the press conference, Trump said Sajwani decided to invest because “was very inspired by the election and wouldn’t do it without the election.”

Edgnex will initially invest $20bn with plans to potentially double that amount contingent upon future demand, market opportunities, and scalability.

The initiative is part of Edgnex’s plan to target hyperscalers and meet the growing demand for data centres. The expansion will hone in on two key regions: the Sun Belt (Texas, Arizona, Oklahoma, and Louisiana) and the Midwest (Ohio, Illinois, Michigan, and Indiana).

The first phase will build approximately 500MW of capacity, with one site in the Sun Belt and another in the Midwest. This will be achieved through strategic partnerships and the acquisition of land, existing data centres, and platforms.

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“Leveraging our expertise in real estate and data centres, we aim to deliver best-in-class infrastructure that supports the next wave of cloud and AI growth,” Sajwani outlined.

“This investment reflects our confidence in the U.S. market and our ambition to create lasting value,” he added.

Edgnex’s existing portfolio includes operations in 10 countries with a projected capacity exceeding 1000MW. In 2024, it announced new data centres in Spata (Greece), Madrid (Spain), Jakarta (Indonesia), Izmir (Turkiye), and Bangkok (Thailand), amongst others.