Business|Who Is the Developer In the again of Trump’s $20 Billion Records Heart Pledge?
https://www.nytimes.com/2025/01/08/industry/trump-damac-knowledge-facilities.html
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Hussain Sajwani, the founder and chairman of DAMAC Properties of Dubai, built the main Trump-branded golf course in the Middle East a decade previously.
When President-elect Donald J. Trump known as Hussain Sajwani to the lectern at Mar-a-Lago on Tuesday to mumble a $20 billion funding in the United States, it used to be a moment for the Dubai developer to indulge in. For additional than a decade, his firm, DAMAC Properties, has helped generate hundreds and hundreds for the Trump Organization through a partnership in the Middle East.
These ties appear to have helped initiating a mountainous different for Mr. Sajwani as he strikes to diversify his empire into the multibillion-dollar market of organising knowledge facilities important to meet snappily-increasing requires for cloud computing and artificial intelligence.
“For the final four years, we’ve been observing for this moment,” Mr. Sajwani said on the stage. “We’re very, very inflamed now alongside with his management and his initiating blueprint and protection to attend companies to blueprint again to the U.S.”
The announcement deepens Mr. Trump’s ties with Mr. Sajwani. Nonetheless it also highlights what critics pronounce are conflicts of ardour as Mr. Trump continues to take care of on to his precise estate industry as he prepares for a 2d term in the White Dwelling.
What does DAMAC terminate?
DAMAC Properties is half of the DAMAC Neighborhood, one of many excellent developers in Dubai, a city in the United Arab Emirates identified for its bigger-than-lifestyles precise estate projects, care for a palm-tree-formed island and the Burj Khalifa, the sector’s tallest skyscraper.
Mr. Sajwani, who is usually known as the Donald of Dubai, leveraged his firm into a prime player in the Middle East’s luxurious precise estate market with acquisitions and projects initiating in the mid-Nineties, when Dubai began allowing foreigners to aquire property there.
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