U.A.E. real estate tycoon and Trump pal has a history of audacious projects, but can he come up with the pledged $20 billion? He makes his case from Mar-a-Lago.

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. Sajwani said he's been waiting four years to make this type of investment.

By bnm Gulf bureau Dubai property developer Damac will invest at least $20bn in US data centres, focusing on artificial intelligence and cloud computing facilities, chairman Hussain Sajwani announced during a press conference with US President-elect Donald Trump in Florida.

Sajwani said Damac had been waiting for the right moment to boost its investments in the US and the figure could be more than $20bn “if the market allows” it. Donald Trump has vowed to rename the “Gulf of Mexico” as the “Gulf of America”,