DAMAC CEO: Still Finalizing Financing for US Data Center Deal

The transcript discusses plans to build data centers in the US, focusing on funding, partnerships, and construction. The company aims to invest $20 billion, primarily through bank loans and equity. They seek partners in construction, land, and power sectors. The UAE government is not involved, and the focus is on commercial plans. The company has global investments and is now targeting the US due to favorable government policies. They plan to lease data centers to major tech companies and are in advanced negotiations with potential customers.

What is the expected role of banks and financial institutions in funding the project?

What has changed in the U.S. government that is perceived as more favorable for foreign investments?

What are the anticipated customers for the data centers mentioned in the text?