Dubai developer DAMAC Properties will invest at least $20 billion 'over a very short period of time' in the U.S., primarily in data centers in the middle of the country, President-elect Donald Trump announced Tuesday, as the company's billionaire founder and CEO, Hussain Sajwani, stood nearby.Speaking to reporters at Trump's Florida Mar-a-Lago estate, Trump and Sajwani said Trump's victory in November influenced the company's decision to make the investment.
'The president-elect said the company may even 'double' that $20 billion investment, but Sajwani sad his company will start with the $20 billion. DAMAC's former chairman and current board member Farooq Arjomand has been linked to the effort to pay $600,000 to former FBI informant Alexander Smirnov, who has been convicted of lying to the FBI about Hunter Biden's dealings with Burisma.Trump has pledged that for companies investing $1 billion or more in the U.S.
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