UAE real estate giant DAMAC Properties has acquired $12 billion worth of land and power generation assets to accelerate US AI data center infrastructure. This acquisition brings DAMAC more than halfway to its $20 billion investment commitment, just one year after Founder and CEO Hussain Sajwani announced the initiative in Washington, D.C. Speaking at the World Economic Forum, Sajwani projected the full $20 billion would be deployed within 2 to 4 years.

The $12 billion investment covers sites in Ohio and New Jersey, with additional locations under review in Texas. The acquired assets represent 1GW of potential compute capacity.

Why This Matters

As demand for compute power surges, DAMAC’s investment delivers essential infrastructure for American hyperscalers aiming to expand their AI capabilities. The initiative is set to create thousands of American jobs, from site planning and construction to high-tech roles, and drive economic growth in local communities. DAMAC’s $20 billion project highlights the growing role of UAE investments in strengthening the US digital economy and supporting the next wave of AI innovation.

“It's an honor to have such a great investor investing in our country. The investment will support massive new data centers across the Midwest, the Sun Belt area, and also to keep America on the cutting edge of technology and artificial intelligence.” – US President Donald Trump, Source