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The US President-elect Donald Trump secured a $20 billion investment from United Arab Emirates billionaire Hussain Sajwani to build data centers across the US. The investment by Sajwani’s DAMAC Properties highlights Trump’s ability to strike deals with large entities, although they did not always come to fruition during his first term as president.
“I’m thrilled to announce today that DEMAC will be investing at least 20 billion dollars over a very short period into the United States and they may go double or even somewhat more than double that amount of money,” Trump said. Sajwani explained the data center investment would focus on AI and cloud for hyperscalers.
The deal’s first phase would span the states of Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana, with Trump characterizing it as crucial to keeping the US competitive across emerging technologies. Trump stated he would move large investments through the required regulatory, environmental, and permit processes quickly.
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