Jamie Spencer
Massive Investment Plan Unveiled
President-elect Donald Trump announced on Tuesday a $20 billion investment commitment from Emirati billionaire Hussain Sajwani, founder of DAMAC Properties, to build new data centers across the United States. The announcement was made during an event at Trump’s Mar-a-Lago residence in Florida.
“They may go double, or even somewhat more than double, that amount of money,” Trump said, hinting at the possibility of an even larger investment from Sajwani’s company.
Initial Rollout Across Eight States
The first phase of the data center project will focus on the following states:
- Texas
- Arizona
- Oklahoma
- Louisiana
- Ohio
- Illinois
- Michigan
- Indiana
This large-scale initiative is expected to bolster technological infrastructure and create significant economic opportunities in these regions.
Election Outcome Spurs Investment
Sajwani attributed his decision to Trump’s election victory, stating, “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.”
This investment reflects growing interest from foreign business leaders to engage with the U.S. market following Trump’s electoral success.
Continued Foreign Interest in U.S. Economy
Sajwani’s commitment follows a similar pledge made in December by Softbank CEO Masayoshi Son, who announced plans to invest $100 billion in the U.S. and create 100,000 jobs over Trump’s four-year term.
The Trump administration is actively courting foreign investments by offering incentives such as expedited permits for companies that commit $1 billion or more.
This initiative aligns with Trump’s goal of revitalizing U.S. economic growth by attracting foreign capital and strengthening infrastructure. The plan is expected to contribute to job creation, technological advancements, and the enhancement of domestic capabilities in data management.
