President-elect Donald Trump revealed a $20 billion foreign investment on Tuesday to construct new data centers across the United States.
Emirati billionaire Hussain Sajwani, founder of DAMAC Properties and a Trump associate, pledged the investment. Speaking at Mar-a-Lago, Trump hinted that the funding might double, stating, “They may go double, or even somewhat more than double, that amount of money.”
The first phase will involve projects in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. Sajwani expressed enthusiasm, saying, “It’s been amazing news for me and my family when [Trump] was elected in November.”
This investment follows a trend of foreign business leaders pledging large sums to the U.S. after Trump’s election, including a $100 billion announcement by SoftBank CEO Masayoshi Son in December.
Trump, who takes office on January 20, is actively encouraging foreign investments with benefits like expedited permits for projects exceeding $1 billion.
