President-elect Donald Trump announced a $20 billion foreign investment to build new data centers across the U.S. on Tuesday.
Emirati billionaire Hussain Sajwani, a Trump associate and founder of DAMAC Properties, pledged “at least” that amount during the announcement at Mar-a-Lago.
“They may go double, or even somewhat more than double, that amount of money,” Trump said of Sajwani’s company.
President Trump stated that the “first phase” of the plan will take place in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.
Sajwani indicated that the Republican’s election inspired him to make the investment
“It’s been amazing news for me and my family when [Trump] was elected in November. We’ve been waiting four years to increase our investment in [the] U.S. to very large amounts of money,” the Dubai developer said in brief remarks at Mar-a-Lago.
Sajwani’s pledge is the latest example of a foreign business leader vowing to invest heavily in the U.S. following Trump’s election victory.
In December, SoftBank CEO Masayoshi Son announced plans to invest $100 billion in the U.S. and create 100,000 jobs during Trump’s four-year term.
