P resident-elect Donald Trump announced that Dubai-based real estate firm Damac plans to invest $20 billion into building data centers in the US. The announcement was made at Trum ...

Of the five projects (out of its advertised 15) Damac has started, all are running substantially behind their projected completion schedules. Damac's problem projects are: The Waves — was due ...

Sky is the limit on U.S. investing, Damac chairman tells CNBC Damac announced $20 billion planned investment into U.S. data centers during a press conference by U.S. President-elect Donald Trump.

Damac will continue to assess and look for opportunities in the US real estate and data centres' fields, the company's founder said. “What we announced in Miami early this month was an initial ...