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President-Elect Donald Trump has announced a $20 billion investment by Emirati billionaire Hussain Sajwani to build data centers across the United States.
What’s the deal: During a press conference at Mar-a-Lago, President-Elect Donald Trump announced that Emirati billionaire Hussain Sajwani, chairman of DAMAC Properties, will invest $20 billion in the construction of state-of-the-art data centers across the United States. The initial phase of the project will target the Midwest and Sun Belt regions, including Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.
The facilities are expected to power advancements in AI, cloud computing, and data storage, catering to the needs of industries ranging from healthcare to finance and beyond. While exact job numbers were not detailed, such large-scale investments in data centers typically create thousands of construction jobs and long-term operational roles in IT, engineering, and maintenance. This initiative is a key part of Sajwani’s Edgnex business strategy, which focuses on establishing cutting-edge data infrastructure globally and aligns with Trump’s vision of revitalizing America’s tech capabilities while creating significant employment opportunities.
This all comes as President-Elect Donald Trump has previously announced other significant foreign investments aimed at bolstering the US economy and technological infrastructure. Notably, in December, Trump unveiled a $100 billion investment commitment from SoftBank, led by its CEO Masayoshi Son. This massive investment is focused on artificial intelligence, robotics, and other emerging technologies, with the goal of creating 100,000 new jobs in the United States over the next four years. Son attributed his confidence in the US economy to Trump’s election victory, emphasizing the administration’s pro-business stance as a key motivator for such substantial commitments.
