Two prominent Dubai-based developers have announced plans to expand into the US market.
Dar Global, a luxury real estate developer, released a statement announcing that it was “gearing up for US expansion, with plans to invest in key international cities. The company aims to partner with top-tier developers to create luxury residences, targeting both US and international buyers.”
The company did not offer specifics regarding locations and timelines. Last month, Dar Global announced a partnership with The Trump Organization for the construction of two new luxury projects in the Saudi Arabian capital of Riyadh.
Separately, the Dubai-headquartered global digital infrastructure company EDGNEX Data Centers by DAMAC announced its strategic entry into the US with plans to deliver data centers targeting a 2000MW capacity over the next four years. EDGNEX announced an initial investment of $20 billion with potential plans of doubling the investment on the basis of future demand, market opportunity and scalability.
The EDGNEX expansion plan will focus on sunbelt states specifically Texas, Arizona, Oklahoma, and Louisiana and the Midwest states Ohio, Illinois, Michigan, and Indiana. The announcement of the expansion occurred Tuesday during President-elect Donald Trump’s press conference.
“This is an extremely exciting moment for us,” said Hussain Sajwani, founder of DAMAC, a property development corporation. “Our foray into the US market in data centers represents a significant milestone in our journey to build a global digital infrastructure platform that will empower businesses today and in the future. Leveraging our expertise in real estate and data centers, we aim to deliver best-in-class infrastructure that supports the next wave of cloud and AI growth, helping further to position the US in the technology and global data ecosystem.”
Photo: Hussain Sajwani, founder of DAMAC, announces his company’s plans during a press conference by President-elect Trump
