Yahoo Finance

President-elect Donald Trump has announced that Dubai-based developer DAMAC Properties — owned by Hussain Sajwani — will be investing $20 billion for data center development in the United States. While the company has built data centers in various locations worldwide, including Thailand and Spain, this marks DAMAC's first major data center investment commitment in the US market.

Yahoo Finance senior business reporter Ines Ferré breaks down all the details.

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This post was written by Angel Smith