Damac Properties secures $12 billion worth of land and power capacity for AI data centres in the United States. Hussain Sajwani, chairman of the Dubai-based firm, confirms this progress during an interview at the World Economic Forum in Davos. The company moves past the halfway mark toward its $20 billion investment goal.​
Progress on Investment Target
Damac Properties identifies projects that represent 1 gigawatt of capacity. Sajwani states this amount translates to about $12 billion in total investment value. The firm expects to reach the full $20 billion target in two to four years, based on market conditions and project execution.
Edgnex Data Centres, Damac’s digital infrastructure arm, leads the effort. The company already owns land in Ohio and New Jersey. Damac assesses additional sites in Texas to expand further.​
Power Drives Site Choices
Sajwani stresses that power availability guides site selection for AI data centres. These facilities demand vast and reliable electricity supplies to handle AI workloads. The United States offers the world’s largest data centre market, roughly ten times bigger than any other region.​
Growth in AI training, inference, and cloud computing fuels this demand. Damac prioritizes areas with strong grid infrastructure to meet operator needs. Electricity access stands as the key factor in project decisions.​
Original Announcement Context
Damac unveils the $20 billion plan in early 2025 alongside US President Donald Trump. Trump praises the commitment as a boost to America’s AI and technology position. The firm channels investments through Edgnex to build hyperscale facilities.​
Damac confirms confidence in the US market despite trade policy uncertainties. The company views the economic scale and resilience as strong draws for capital. Expansions beyond $20 billion depend on returns and dynamics.​
Broader Business Shift
This US push follows Edgnex’s $3 billion commitment to Southeast Asia data centres. Damac diversifies from real estate into AI-driven digital assets. Gulf capital flows into global infrastructure tied to power-intensive tech needs.​
The move highlights regional investors’ focus on long-duration assets. AI data centres address key bottlenecks in electricity supply worldwide. Damac positions itself at the center of this global trend.​
