DUBAI : Emirati billionaire Hussain Sajwani said on Friday he expects more investments from the oil-rich Gulf into the U.S. as President-elect Donald J. Trump's second term in office heralds a "pro-business" climate.
cards interface. Give it a try.DUBAI : Emirati billionaire Hussain Sajwani said on Friday he expects more investments from the oil-rich Gulf into the U.S. as President-elect Donald J. Trump's second term in office heralds a"pro-business" climate.
"I think his overall policies are pro-business," Sajwani told Reuters at his home on Dubai's Palm Jumeirah island. The Emirati magnate celebrated New Year's with Trump and Musk and other guests at Mar-a-Lago resort and said he had been invited to attend the inauguration in Washington on Jan. 20.Trump and his family have business ties to the Gulf beyond the longstanding partnership with Sajwani. Trump-branded real estate projects are being built under partnership deals in Saudi Arabia and Oman, while Gulf state-owned funds are investors in an investment firm owned by Trump's son-in-law Jared Kushner.
Sajwani cited access to land, energy and"more business-friendly approvals" as why the centres would be built there and said that most of the investment would be funded through debt. "So the company's balance sheet is strong enough to fund the coming four years. And of course, all these things have been studied carefully and a very detailed business plan has been done," he said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Emirati billionaire to invest US$20 billion in US data centres, Trump saysPALM BEACH, Florida: Emirati billionaire Hussain Sajwani promised a US$20 billion investment in the booming US data centre industry in the coming years, he and US President-elect Donald Trump announced on Tuesday at Trump's home in Palm Beach, Florida.
Read more »
Report says Singapore money laundering suspects spent nearly S$38 million buying Dubai properties Singapore%
Read more »
Beyond the Glitter: Exploring Hidden Gems in DubaiThis article delves beyond the extravagant facade of Dubai, highlighting lesser-known attractions and cultural experiences. From bustling souks to contemporary art districts and desert cycling trails, it reveals a city with diverse layers.
Read more »
DAMAC CEO Vows $20 Billion Investment in US Data CentersEmirati billionaire Hussain Sajwani, chairman of Dubai developer DAMAC, pledged a US$20 billion investment in the US data center industry during a meeting with President-elect Donald Trump at Mar-a-Lago. Sajwani highlighted the booming growth of the data center sector, fueled by the increasing demand for generative AI technology and its associated infrastructure.
Read more »
Trump Seeks Supreme Court Intervention to Halt Hush Money SentencingDonald Trump's request to delay his sentencing for hush money charges paid to a porn star has been rejected by New York's highest court. His legal team is now appealing to the US Supreme Court for a stay of proceedings. The sentencing is scheduled for Friday, just 10 days before Trump's planned inauguration. The Supreme Court could grant a temporary pause or formally rule on Trump's request. Trump's lawyers argue that his presidential immunity should prevent prosecution, while prosecutors maintain that the case focuses on Trump's personal conduct, not official acts.
Read more »
Amazon donating $1 million to Trump inaugural fund, to air event on Prime VideoAmazon is donating $1 million to U.S. President-elect Donald Trump's inaugural fund and the company will air the event on its Prime Video service, an Amazon spokesperson said on Thursday. The Prime Video represents an in-kind donation worth another $1 million, the spokesperson said.
Read more »