Trump announces $20B US investment by Emirati businessman

📆 1/7/2025 5:09 PM
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Hussain Sajwani News

Washington News,Elections,Business

President-elect Donald Trump is expected to announce a $20 billion investment into building data centers in the United States by the Emirati company led by a billionaire who is a close business partner of the Trump family.

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President-elect Donald Trump speaks as Hussain Sajwani, CEO of DAMAC Properties, listens during a news conference at Mar-a-Lago, Tuesday, Jan. 7, 2024, in Palm Beach, Fla. President-elect Donald Trump listens as Hussain Sajwani, CEO of DAMAC Properties, speaks during a news conference at Mar-a-Lago, Tuesday, Jan. 7, 2024, in Palm Beach, Fla.

Sajwani's promised investment feeds into an existing boom for constructing data centers used in the development of artificial intelligence and expansion of cryptocurrency, as well as in other elements of an increasingly digital economy that relies on having greater sources of computer processing power.

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Trump Announces $20 Billion Data Center Investment from Emirati BillionairePresident-elect Donald Trump announced a $20 billion investment from Emirati billionaire Hussain Sajwani to build new data centers across the United States. Sajwani, founder of DAMAC Properties, pledged to invest 'at least' $20 billion, with the possibility of exceeding that amount.
Source: CNBC - 🏆 12. / 72 Read more »