So I guess the American Midwest is getting sugar daddy—and surprisingly, it’s not the federal government. In short, Hussain Sajwani, billionaire founder of DAMAC Properties is about to send $20 billion in investment dollars straight into America’s breadbasket. Why? To build a network of data centers that will feed the insatiable beast that is artificial intelligence and cloud computing. Oh and since Sajwani’s announcement came with a side of Mar-a-Lago glamor, as he stood shoulder-to-shoulder with Donald Trump, the president-elect was more than happy to take credit for this massive deal. Classic. 

(Source: Giphy) 

So why is this such a huge deal? Well, DAMAC, primarily known for its high-end real estate developments (think: luxury golf courses and skyscrapers in Dubai), is now pivoting hard into tech infrastructure. Sajwani’s $20 billion commitment includes building data centers across Texas, Arizona, Oklahoma, Ohio, Illinois, Louisiana, Michigan, and Indiana. Basically, if you’re anywhere near a cornfield (like your homeboy here), expect some serious tech coming your way.

The reason obviously is because data centers are becoming the physical backbone of the relentless AI hype. We’ve talked about this before in previous articles, so it’s not anything new. But it’s no secret that these data centers are literal goldmines where all the processing magic happens for AI, cloud services, and even your late-night doom scrolling sessions. And with the generative AI boom showing zero signs of slowing down, demand for these facilities is skyrocketing. Meaning Sajwani’s timing is impeccable. 

(Source: CBS News) 

Of course, no Trump announcement is complete without some self-congratulatory flair. Speaking from his Mar-a-Lago estate, the former president pointed to his own election victory as the inspiration behind Sajwani’s investment. “He’s doing it because of the fact that he was very inspired by the election,” Trump said, casually tying his political comeback to a multi-billion-dollar global business decision. (Sure, why not?)

But, but, but… while some may see this as a typical Trump boast—he’s not wrong. In Sajwani’s words, Trump's reelection was “amazing news for me and my family”.  If this feels like déjà vu, it’s because Sajwani has been in Trump’s orbit for years, dating back to the Trump-branded golf course DAMAC built in Dubai during Trump’s first term. Add this to the fact that Sajwani spent New Year’s Eve at Mar-a-Lago (again), and you start to see why the two are back in business together.

(Source: Forbes) 

What’s more is that this isn’t a spontaneous investment for DAMAC. For instance, the company has already committed $3 billion to similar projects in Indonesia, Malaysia, and Thailand, and another $400 million in Spain. But this $20 billion U.S. investment? It’s a whole new level—and it’s laser-focused on the hottest sector of the moment: AI infrastructure.

In fact, piggybacking on my Constellation + Calpine article earlier today, U.S. electricity demand is expected to rise 16% over the next five years. And the root of the power is set to come straight from data centers. So it’s clear that Sajwani’s move is as strategic as it gets. Not to mention Trump’s classic sweetener to promise fast-tracking environmental permits for anyone willing to invest $1 billion or more. 

(Source: Giphy) 

When it comes to Trump though, the man is on a roll, and Sajwani’s $20 billion investment (financing details are still TBD) is just another medal on Trump’s neck. For more context, just last month Trump stood  next to Masayoshi Son, CEO of Japan’s SoftBank, to announce a $100 billion U.S. investment in AI and tech ventures. Meaning Trump’s message so far is basically this: if you’re a foreign investor with cash to burn, America (and Mar-a-Lago) is open for business.

At the end of the day, this is good for tech, this is good for AI infrastructure, and honestly, it just so happens to be good for Trump. Plus, it’s just another reminder that America’s AI and cloud boom is attracting serious international money. Of course, whether this deal pays off depends on execution, but for now the Midwest is about to get a tech upgrade and Teflon Don is more than happy to take the credit. 

In the meantime, place your bets accordingly friends and stay safe and stay frosty! Until next time…

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Stocks.News does not hold positions in companies mentioned in the article.