View of DAMAC sign in downtown Dubai. February 10, 2018, Dubai, United Arab Emirates.
Artur Vidak | NurPhoto via Getty Images
DUBAI, United Arab Emirates – The chairman of Dubai real estate giant Damac told CNBC on Thursday that there are no restrictions on the company’s investments in the United States.
Two days ago, President-elect Donald Trump announced that the UAE company will invest $20 billion to build new data centers across the United States, adding that its founder and chairman Hussein Sajwani committed “at least” that amount.
When asked by CNBC’s Dan Murphy whether he would eventually invest more in the U.S., Sajwani responded: “Well, I mean, the sky is the limit, we can invest as much as the market demands, then there are no limits. will exist.
He added, “We can initially use our own financial resources, but if our platform can grow to the next level, then in the second phase we can use third-party funding.”
This breaking news story is being updated.
