Damac Properties is making significant strides in the US real estate and data centre sectors, with plans for major investments and developments, according to its founder, Hussain Sajwani.
$20 Billion Investment and Expansion Plans in Miami
In an announcement earlier this month, Damac outlined plans for an initial investment of $20 billion in Miami’s real estate market, with potential to double the figure based on future demand and scalability. The company also revealed a luxury condominium project in Miami designed by the prestigious Zaha Hadid Architects, set to launch later this year.
“What we announced in Miami early this month was an initial investment of $20 billion with potential plans of doubling the investment on the basis of future demand, market opportunity, and scalability,” said Hussain Sajwani, founder of Damac, in an interview with Khaleej Times. “I remain optimistic about the opportunities the US offers businesses and individuals to thrive in the years ahead.”
Expansion in US Data Centres Through Edgnex
Earlier this month, Edgnex Data Centres, a digital infrastructure initiative by Damac, announced its entry into the US market. The company plans to establish a data centre capacity of 2,000 MW over the next four years. This ambitious project includes partnerships, land acquisitions, and potential joint ventures.
Edgnex’s initial investment aligns with Damac’s broader strategy of scaling operations in sectors with long-term growth potential.
Collaboration with the US Administration
The announcement coincided with the inauguration of US President Donald Trump as the 47th president. Hussain Sajwani praised the administration’s pro-business policies as a driver of economic growth, job creation, and investment opportunities.
“Under the Trump administration, we have seen a strong emphasis on economic growth and pro-business policies, which have the potential to create a robust environment for investment and entrepreneurship,” Sajwani noted.
Job Creation Across US States
Damac’s founder emphasized the significant job opportunities arising from its data centre expansion. The initial focus will be on Sunbelt states like Texas, Arizona, Oklahoma, and Louisiana, as well as Midwest states such as Ohio, Illinois, Michigan, and Indiana.
“We will build strong, localized teams with deep market expertise, adding to our current pool of 100-plus seasoned professionals,” Sajwani stated.
