President-elect Donald Trump on Tuesday announced $20 billion in foreign investment to build new data centers across the United States.
Emirati billionaire Hussein Sajwani, a Trump associate and founder of real estate developer Damac Properties, has committed to “at least” that amount, he said from his Mar-a-Lago, Florida home.
“It could be double that amount, maybe a little more than double that amount,” Trump said of Sajwani’s company.
President Trump said the “first phase” of the plan would take place in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana.
Sajwani suggested the Republican election was the impetus for the investment effort.
“That was great news for me and my family. [Trump] Elected in November. We have been waiting for four years to increase our investment. [the] There is so much money available in the US,” the Dubai developer said in brief remarks at Mar-a-Lago.
Mr. Sajwani’s pledge is the latest example of a foreign company leader pledging to spend heavily in the United States in the wake of Mr. Trump’s election victory over Democratic Vice President Kamala Harris.
In December, SoftBank CEO Masayoshi Son announced plans to invest $100 billion and create 100,000 jobs in the United States during President Trump’s four-year term.
President Trump, who takes office on January 20, is trying to attract more foreign companies to do business in the United States by offering benefits such as expedited permitting to companies that invest more than $1 billion.
