Damac Properties founder Hussain Sajwani to invest $1bn in data centres – The National

Damac Properties founder Hussain Sajwani to invest $1bn in data centres – The National

Hussain Sajwani, the billionaire founder of Dubai developer Damac Properties, will invest $1 billion to build a global network of cloud data centres as the conglomerate diversifies its operations to include the fast-growing digital sector.

“We’re going to build data centres in Europe, Asia, Africa, the Middle East and CIS [Commonwealth of Independent States],” Mr Sajwani recently told CNBC.

“We want to build a global company and we’re allocating $1bn for that business, and we’re going global to put our footprint in all those four continents,” he added.