Trump Announces $20 Billion Investment From Dubai Billionaire

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.

“I’m thrilled to announce today that Damac will be investing at least $20 billion over a very short period of time into the United States and they may go double, or even somewhat more than double, that amount of money. It’s a great thing and I believe he will say that he’s doing it because of the fact that he was very inspired by the election.” “The investment will support massive new data centers across the midwest, the Sunbelt area, and also to keep America on the cutting edge of technology and artificial intelligence, he’s very big into the data centers, and that’s going to be a very hot item in the coming years, as you know, with AI in particular…the first phase of the project will be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. Those places.” Hussain Sajwani, the Dubai billionaire who supported Trump’s first campaign and was the mastermind of the Trump International Golf Club in Dubai, which opened in 2017. When the club opened, Donald Jr. was to pose for the cameras and talk up his father. There were, of course, questions about Trump and Sajwani’s close business relationship during Trump’s first term, but they were lost in a sea of other investigations. 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. Sajwani wrapped up his remarks quickly. Trump got back in front of the cameras and spoke for another hour. As he always does, he said a lot of wild things

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