A building belonging to DAMAC, a Dubai-based luxury real estate developer founded in 2002 by businessman Hussain Sajwani, is seen in Dubai on June 4, 2026. The UAE real estate magnate close to Donald Trump is pumping billions of dollars into data centres, hoping to cash in on the AI boom and become the global leader in the field. Sajwani, DAMAC Properties' chairman who attended the US president's 2025 inauguration and is second on Forbes' Arab rich-list, sees "huge" potential in data as demand for computing power soars. (Photo by FADEL SENNA / AFP via Getty Images)