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 expected timeline for the construction of the data centers?

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What is the total amount of investment mentioned for the data centers?

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Who are the potential partners mentioned for the investment?

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What are the specific states mentioned as targets for investment?

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What has changed in the U.S. government that is seen as favorable for investment?

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What is the funding model described for the investment?

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What are the names of some hyperscalers mentioned as potential customers?

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