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The Economic Times
The Economic Times

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

Hussain Sajwani UAE Damac Donald Trump United States Zoom

Dubai: 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.

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