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Trump Announces $20 Billion Foreign Investment in U.S. Data Centers

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Donald Trump Mar A Lago Press Conference January 2025

President-elect Donald Trump announced a $20 billion foreign investment to build new data centers across the United States during a press conference at his Mar-a-Lago estate in Palm Beach, Florida, on Tuesday. The investment, pledged by Emirati billionaire Hussain Sajwani, founder of DAMAC Properties, is expected to create thousands of jobs and boost technological infrastructure in multiple states.

Trump revealed that the first phase of the project will focus on Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. He emphasized that the investment could potentially double or exceed the initial $20 billion commitment. “They may go double, or even somewhat more than double, that amount of money,” Trump said, referring to Sajwani’s company.

Sajwani, a longtime associate of Trump, credited the president-elect’s victory as a key factor in his decision to invest. “It’s been amazing news for me and my family when [Trump] was elected in November. We’ve been waiting four years to increase our investment in [the] U.S. to very large amounts of money,” Sajwani said during the event.

The announcement marks the latest in a series of foreign investments tied to Trump’s election. Last month, SoftBank CEO Masayoshi Son pledged to invest $50 billion in the U.S. and create 100,000 jobs over the next four years. Sajwani’s commitment is aimed at advancing artificial intelligence and cloud-based technologies, which he described as critical to future economic growth.

Trump’s remarks came just one day after Congress and Vice President Kamala Harris certified his electoral college victory, solidifying his position as the next U.S. president. The press conference at Mar-a-Lago was his first public address since the certification.

This development underscores the growing influence of foreign investors in the U.S. economy under Trump’s leadership. Analysts suggest that such investments could significantly impact job creation and technological innovation in the coming years.