Trump announces $20B investment in U.S. data centers
Marco Huels
▶January 8, 2025
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The Rundown: President-elect Donald Trump revealed a $20 billion foreign investment from Emirati billionaire Hussain Sajwani, founder of DAMAC Properties, to build data centers across the U.S.
The Context:
- The project’s first phase targets Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.
- Sajwani, a longtime Trump associate, credited Trump’s election victory for spurring his commitment.
- Trump plans to incentivize large foreign investments, including expedited permits for entities investing $1 billion or more.
- This follows a similar pledge from Softbank’s CEO to invest $100 billion and create 100,000 jobs in the U.S.
Why it Matters: The deal underscores Trump’s strategy to attract foreign investment, boosting domestic infrastructure and job creation. With Sajwani hinting the total could exceed $40 billion, the move highlights foreign confidence in U.S. business under Trump’s leadership.
