Meet Hussain Sajwani: This Dubai billionaire will invest $20 billion in US - Met Donald Trump & had Breakfast with Elon Musk
Hussain Sajwani Dubai based billionaire: Hussain Sajwani, a Dubai-based billionaire and the chairman of Damac Group, recently made headlines after sharing a photo with tech mogul Elon Musk and Shivon Zilis, Musk's Indian-origin partner. The picture, posted on X (formerly Twitter), was taken at the White House during what Mr Sajwani described as a 'memorable morning breakfast' with Elon Musk and his family. And another post he met with US President Donald Trump, "It was a pleasure to meet President Donald Trump once again at the Oval Office, a valuable moment of dialogue and exchange.", he wrote.
It was a pleasure to meet President Donald Trump once again at the Oval Office — a valuable moment of dialogue and exchange. pic.twitter.com/eH5sTO4Vxv
The post sparked curiosity as to why Hussain Sajwani was at such a high-profile location alongside one of the world's most influential entrepreneurs. The answer lies in his recent announcement of a massive investment plan in the United States.
Hussain Sajwani Net Worth & Background
Hussain Sajwani is one of the most successful businessmen in the Middle East. He is the founder and chairman of Damac Properties, a real estate development company known for its luxurious projects in Dubai and beyond. According to Forbes, Hussain Sajwani's net worth is around $10.2 billion as of 2024. His business empire spans across property development, hospitality, and now, international tech infrastructure.
Longstanding Ties with Donald Trump
Hussain Sajwani's name is not new in the American spotlight. He gained attention in 2016 when he appeared at a New Year's Eve party hosted by Donald Trump at Mar-a-Lago. At the time, Damac was building a Trump-branded golf course in Dubai, showcasing their strong business ties.
Fast forward to 2024, and Sajwani is once again in the company of Donald Trump — this time, for a much larger venture.
$20 Billion Investment in the United States
Hussain Sajwani has announced plans to invest a whopping $20 billion in the United States, focusing primarily on building state-of-the-art data centres. The investment is expected to cover multiple states, including Arizona, Michigan, Texas, Ohio, Louisiana, Oklahoma, Indiana, and Illinois.
According to Donald Trump, who stood beside Sajwani at a press conference earlier this year, the investment 'will support massive new data centres across the Midwest and the Sun Belt regions,' and 'keep America at the forefront of artificial intelligence and technology.'
More Than Just $20 Billion?
While the initial plan includes a $20 billion investment, Hussain Sajwani has hinted that the amount could grow even further depending on market conditions. 'If the opportunity allows, we are ready to expand beyond this,' he reportedly said, signalling his long-term commitment to technological development in the US.
Why This Investment Matters
This massive project marks one of the largest foreign investments in US data infrastructure. It reflects Hussain Sajwani's vision of future technology and solidifies his reputation as not just a real estate tycoon, but a global investor with a sharp eye on innovation.
With close ties to global influencers like Donald Trump and Elon Musk, Hussain Sajwani is becoming a central figure in the growing intersection of business, politics, and technology.
Hussain Sajwani's journey from building luxury properties in Dubai to investing billions in American data centres is a testament to his ambition and vision. With his net worth climbing and global partnerships expanding, Hussain Sajwani is a name we'll be hearing more often-especially when conversations involve Elon Musk, Donald Trump, and transformative investments in the United States.
For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here.
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