US President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, US, January 7, 2025.
Carlos Barea | Reuters
President-elect Donald Trump On Tuesday, it announced $20 billion in foreign investment to build new data centers across the United States.
The president-elect said at his home in Mar-a-Lago, Florida, that Emirati billionaire Hussain Sajwani, one of Trump's partners and founder of real estate developer Damac Properties, pledged “at least” this amount.
“They could double, or even more than double, that amount of money,” Trump said of Sajwani’s company.
Trump said the “first phase” of the plan would take place in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana.
Sajwani noted that the Republican's election prompted him to commit to investing.
The developer from Dubai said in brief statements, “It was amazing news for me and my family when (Trump) was elected in November. We have waited four years to increase our investments in the United States to very large sums of money.” In Mar-a-Lago.
Sajwani's pledge is the latest example of a foreign businessman promising to spend large sums of money in the United States as a result of Trump's victory over the Democratic Vice President. Kamala Harris.
last month, Softbank CEO Masayoshi Son announced plans to An investment of 100 billion dollars In America, 100,000 jobs were created over the course of Trump’s four-year term.
Trump, who takes office on January 20, is seeking to attract more foreign entities to do business in the United States by offering benefits, such as… Urgent permitsfor those who invest $1 billion or more.
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