DUBAI, United Arab Emirates — The sky's the limit when it comes to Dubai property giant Damac's investment in the United States, the company's chairman told CNBC on Thursday.
Two days prior, President-elect Donald Trump announced a $20 billion foreign investment by the Emirati company to build new data centers across the U.S. — adding that its founder and chairman Hussein Sajwani was pledging "at least" that amount.
"The U.S. is a huge market, so our $20 billion [investment] is a sizeable [amount of ] money when you look at it from our point of view.
He pointed to Microsoft's recent announcement on investing $80 into American data centers in 2025.
He added, "we can use initially our own financial resources, but then [in the] second phase we can use [a] third party's money, if our platform can grow to the next level."
Persons:
Donald Trump, Hussein Sajwani, Sajwani, Trump, CNBC's Dan Murphy
Organizations:
United Arab Emirates, CNBC
Locations:
DUBAI, United Arab, Dubai, United States, U.S