View of the Damac logo in downtown Dubai. February 10, 2018, Dubai, United Arab Emirates.
Artur Widak | NurPhoto via Getty Images
DUBAI, United Arab Emirates — The sky's the limit when it comes to Dubai-based real estate giant Damac's investment in the United States, the company's CEO told CNBC on Thursday.
Two days earlier, the president-elect Donald Trump announced the Emirati company's $20 billion overseas investment to build new data centers across the United States, adding that its founder and CEO Hussein Sajwani had pledged “at least” that amount.
Asked by CNBC's Dan Murphy if he would ultimately invest more in the U.S., Sajwani replied: “Well, I mean, the sky's the limit. We can invest more than the market needs and then the restrictions will not apply.”
He added: “We may use our own financial resources initially, but then (in) the second phase we will be able to use third-party money if our platform can grow to a higher level.”
This breaking news is being updated.