Trump Announces $20 Billion Damac Investment in US Data Centers

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DONALD TRUMP,DAMAC PROPERTIES,INVESTMENT

US President-elect Donald Trump announced a $20 billion investment by Dubai-based Damac Properties into the United States, focusing on data centers in several states across the Midwest and Sunbelt. Trump attributed the investment to his election victory, stating it was inspired by his campaign. The investment, led by Damac chairman Hussain Sajwani, a long-time business associate and supporter of Trump, will create new data centers in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana, aiming to keep America at the forefront of technology and artificial intelligence.

U.S. President-elect Donald Trump speaks to members of the media during a press conference at the Mar-a-Lago Club on January 07, 2025 in Palm Beach, Florida.“We’re honored to introduce one of the most respected business leaders in the Middle East, indeed the world. He is a founder and chairman of Damac Properties, Hussain Sajwani. Very respected gentleman,” Trump said.

Now, just two weeks before he becomes President again, Trump announced he’d gotten his buddy a sweet data center deal in the U.S. After talking about where the data centers would go, Trump prompted the Dubai billionaire to address the crowd. Trump railed against wind power and claimed the wind turbines are killing whales. “You see what’s happening up in the Massachusetts area with the whales where they had two whales wash ashore in, I think, a 17-year period. And they had 14 this season. The windmills are driving the whales crazy. Obviously,” he said.

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