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EXPLAINED: Hussain sajwani | Rare Historical Photos

'The Donald of Dubai': UAE billionaire close to Trump bets $66 billion on AI to become the world's data king

UAE real estate magnate Hussain Sajwani is investing billions in data centers to capitalize on the AI boom, aiming for global leadership. His company, DAMAC Digital, has secured sites in 13 countries and plans to build 6,000 megawatts of capacity, costing $66 billion.

The Economic Times

DAMAC Digital reaches 6,000MW planned IT capacity landbank across North America, Europe, Asia, and the Middle East

CANNES, France and DUBAI, UAE, June 2, 2026 /PRNewswire/ -- DAMAC Digital, a global digital infrastructure provider owned by DAMAC Group, has announced that its planned IT capacity landbank has reached 6,000MW across 13 countries and a planned portfolio of 35+ sites. The company is on a trajectory of global…

AAP

Meet Hussain Sajwani: The DAMAC founder donates Dh100 million to UAE’s ‘Edge of Life’ campaign for child hunger relief

In February 2026, Emirati billionaire Hussain Sajwani, through the DAMAC Foundation, committed Dh100 million to the UAE’s ‘Edge of Life’ campaign under an agreement with Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), announced in the presence of Sheikh Hamdan bin Mohammed, Crown Prince of Dubai. The Ramadan-launched initiative aims…

The Times of India

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‘AI will take 80% of these jobs’: UAE billionaire warns India about threat to traditional outsourcing

Dubai magnate Hussain Sajwani warns at WEF 2026 that AI is a job-market revolution, posing a significant threat to economies reliant on outsourced work, particularly India's vast IT and BPO sectors. While some jobs may be automated, experts highlight the creation of new roles and the enduring value of human…

The Times of India

Trump's Middle East visit comes as his family deepens its business, crypto ties in the region

It’s not just the “gesture” of a $400 million luxury plane that President Donald Trump says he’s smart to accept from Qatar

The Independent UK

What Is DAMAC Properties: Controversial Dubai-Based Real Estate Firm Is Chelsea's New Sponsor

Said project embodies Chelsea's signature elegance, forward-thinking vision, and dedication to excellence.

International Business Times UK

Trump family not banning foreign deals

An ethics agreement released by the company signals a different approach from Trump's last term

Salon

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Trump unveils $20 billion plan to build more US data centers

The US is set to receive at least $20 billion from DAMAC founder Hussain Sajwani to support data center infrastructure.

TechRadar

Trump Pushes For American Expansionism, Refuses To Rule Out Military Force

President-elect Donald Trump's news conference covered bold proposals, grievances, and investments, showcasing his assertive governance style.

Top News

Mar-a-Lago's revolving door of the rich

From Tesla's Elon Musk to a lesser known UAE real estate power broker, the wealthiest are flocking to Florida

Salon

UAE’s DAMAC Boosts Investment in Saudi Data Centers

Hussain Sajwani, Chairman of the Board of Directors of DAMAC, said that the group’s investment in data centers in Saudi Arabia came after an extensive study of the Saudi market, which offered many promising investment opportunities within the framework of Vision 2030. In an interview with Asharq Al-Awsat, Sajwani pointed…

Asharq Al-Awsat

Surfside mayor quietly met in Dubai with developer of Champlain Towers South site

SURFSIDE, Fla. — Surfside Mayor Shlomo Danzinger traveled to Dubai late last year to meet with the developer hoping to bring ultra-luxury condos to the site of the Champlain Towers South collapse, an unusual trip for a small-town mayor that several town officials and victims’ family members said they knew…

Miami Herald

Surfside land sale now official. What’s next for the oceanfront property where 98 died?

MIAMI — When a 12-story Surfside condominium tower tumbled down last year — killing 98 people in a calamity that made headlines worldwide — South Florida developers kept their distance, choosing not to make an offer for the tragically stained oceanfront property.

Miami Herald

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Axios

Cause of Surfside building's collapse remains elusive after a year

Conclusions could take at least another year.

Miami Herald

Surfside condo collapse site to be sold for $120 million to Dubai developer, no other bids

MIAMI — The beachfront property where 98 people died in last year’s Surfside condo collapse will be sold to a billionaire developer from Dubai for $120 million after no other bids were submitted ahead of a Friday evening deadline.

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Mohammed bin Rashid Al Maktoum

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