Damac to Lean on Banks for $20 Billion US Data Center Plan, Sajwani Says

The transcript discusses plans to build data centers in the US, focusing on funding, partnerships, and state investments. The company aims to invest $20 billion, with a mix of equity and debt financing. They seek partners in construction, land, and power sectors. The expansion targets states like Michigan and Texas, with potential for further investment. The company has global projects and is not seeking government support. They plan to lease data centers to major tech companies and emphasize a strategic market entry with a focus on the US.

What is the total investment amount announced for the data centers?

• $10 billion

• $15 billion

• $25 billion

• $20 billion

What percentage of the funding is expected to come from equity?

• 30%

• 20%

• 10%

• 40%

Which type of partners is the company primarily seeking in the US?

• Financial investors

• Added value partners

• Government agencies

• Real estate developers

Is the Abu Dhabi government providing support for the data center project?

• Yes, they are fully supporting it

• No, it is a commercial business plan

• Yes, but only partially

• No, but they are unaware of it

What has changed to incentivize the company's investment in the AI space in the US?

• New technological advancements

• Higher demand in Europe

• Increased competition in Asia

• A more favorable government for foreign investments

What is the company's business model for the data centers?

• Selling the data centers

• Leasing to hyperscalers

• Operating them independently

• Partnering with local governments

Which major tech companies are potential lessees for the data centers?

• Tesla and SpaceX

• Netflix and Spotify

• Amazon and Microsoft

• Facebook and Twitter