Trump's Dubai Billionaire Ally Vows $20 Billion for Data Centers

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Trump's Dubai Billionaire Ally Vows $20 Billion for Data Centers

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Trump's Dubai Billionaire Ally Vows $20 Billion for Data Centers

//business-finance.news-articles.net/content/202 .. naire-ally-vows-20-billion-for-data-centers.html

Published in Business and Finance on Wednesday, January 8th 2025 at 2:20 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

President-elect Donald Trump announced an investment of at least $20 billion from Hussain Sajwani, the head of Damac Group, to build new data centers in the US.

2025-01-08 195 x 130 / 8924 Bytes

The article from MSN Money discusses a significant investment in data centers by former U.S. President Donald Trump and a Dubai-based billionaire, Sheikh Ahmed bin Saeed Al Maktoum. They have announced plans to invest $20 billion in constructing data centers across the United States, aiming to capitalize on the growing demand for cloud computing and data storage solutions. This venture is part of a broader strategy to expand digital infrastructure, which is expected to create numerous jobs and stimulate economic growth. The project will focus on sustainability, incorporating renewable energy sources to power the facilities, aligning with global trends towards green technology. The partnership also reflects Trump's continued business activities post-presidency, leveraging his real estate and development expertise in a new sector.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/technology/trump-dubai-billionaire-unveil-20-billion-for-data-centers/ar-AA1x7mGj ]