DAMAC founder Hussain Sajwani has revealed that his investments in some of the world’s biggest technology companies, including OpenAI, Anthropic and SpaceX, have generated billions of dollars in returns, highlighting the growing financial opportunities in the artificial intelligence sector.
Speaking at Bloomberg Invest Dubai 2026, Sajwani said his investments in the three companies had delivered significant gains. He particularly highlighted Anthropic, revealing that an investment made less than two years ago had generated returns comparable to what he accumulated over nearly 30 years of his earlier business career.
“Between only three companies, OpenAI and SpaceX and Anthropic, we’re making few billion dollars of profit,” Sajwani said.
His technology investment portfolio also includes xAI, Databricks, ByteDance, Together AI and Reflection AI, as well as investments in around 100 US-based funds, including venture capital firms.
Sajwani said his experience in the technology sector had strengthened his confidence in its long-term potential, despite the possibility of market corrections and fluctuations in valuations. He also highlighted Nvidia’s contribution to the AI ecosystem, crediting the company for advancing computing technology and supporting the growth of emerging businesses.
DAMAC plans to expand global data-centre capacity to 10GW
Beyond his personal investments, Sajwani revealed that DAMAC Group intends to increase its planned global data-centre capacity from approximately 6GW to 10GW by the end of 2027.
Through DAMAC Digital, the group is expanding its presence across 14 countries in the United States, Europe and Asia. Its current planned capacity includes around 1GW in the US, 2.5GW in Europe and another 2.5GW in Asia.
The expansion strategy covers markets such as Thailand, Malaysia, the Philippines, Finland, Spain, Greece, Italy, Türkiye and the United States. The group is also exploring opportunities in Australia and the United Kingdom, including negotiations for a major site in Australia.
Sajwani reaffirmed DAMAC’s commitment to its previously announced $20 billion data-centre investment programme in the US, revealing that approximately $9 billion has already been invested.
AI boom drives demand for data-centre infrastructure
Sajwani also pointed to the growing demand for AI infrastructure, noting that DAMAC is focusing on large-scale data-centre developments starting at around 100MW.
He highlighted liquid-cooling technology as an important requirement for supporting advanced AI chips and high-density computing. However, rising construction costs, equipment shortages, supply-chain disruptions and power availability remain significant challenges for the industry.
According to Sajwani, data-centre development costs have already increased by approximately 30%, with the possibility of a further 20% to 30% rise.
He believes artificial intelligence represents a long-term technological transformation rather than simply an investment bubble. While technology stocks may experience further corrections, he expects AI-related revenues and adoption to continue growing across industries.
Sajwani emphasised that continued investment in data centres, energy infrastructure and advanced cooling technologies will be essential to supporting the next phase of global AI development.
