Damac Advances $12B US AI Data Centre Goal

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