What Sajwani said at Bloomberg Invest Dubai
Hussain Sajwani highlighted how his investments in AI names are paying off. Citing OpenAI, SpaceX and Anthropic, he said, "Between only three companies, OpenAI and SpaceX and Anthropic, we're making few billion dollars of profit." He also noted that AI should keep generating revenue, though he sees the possibility of a market pullback.
Tech bets, IPO demand and Trump ties
The Damac Group run by Sajwani, originally rooted in Dubai property, has expanded over the past few years into tech ventures and data-center projects. He said that in 2025 he committed, alongside Donald Trump, to invest $20 billion in U.S. data centers and that roughly $9 billion of that is already in place. His relationship with Trump spans years and includes developing a luxury golf course that carries the US President's name.
Anthropic's initial public offering has attracted orders several times greater than the shares on offer, with demand building for what could become the largest first-time share sale ever, according to Bloomberg reporting earlier this month. Meanwhile, a long property boom in Dubai lifted Sajwani's net worth above $13 billion, per the Bloomberg Billionaires Index, though the city's property appetite has softened in the past few months because of the war involving Iran.
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How other big allocators see the buildout
Blackstone's Private Wealth Global Chief Operating Officer Farhad Karim said the backdrop for digital infrastructure and logistics looks strong, pointing to sharply rising needs for computing power. "What's been happening regionally here in the commitment to AI and AI infrastructure is super compelling," he said.
Pacific Investment Management Co. sounded more cautious. Managing Director and President Christian Stracke said lending tied to digital infrastructure is likely to slow. His reasoning: even if capital keeps coming into the space, the sector cannot continue doubling the amount of investment it requires every year.
What this means for your portfolio
The through-line is clear: AI profits are real for some investors, data centers are soaking up big checks, and opinions differ on how fast the funding machine can run. If your portfolio leans into AI or the plumbing behind it, watch both the revenue momentum Sajwani described and the lending pace signal from Pimco.
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