Trump announces $20 billion US investment by Emirati businessman
Donald Trump on Tuesday announced a $20 billion investment for data centres in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner of the Trump family. The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump's personal ability to attract new money for big projects. The announcement follows a pledge made last month by the Japanese billionaire investor Masayoshi Son, while at Trump's side, to invest $100 billion in the United States.
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Trump said at a news conference that he believed Sajwani made the commitment because «he was very inspired by the election and wouldn't do it without the election.» The president-elect emphasised his plans to get investments of $1 billion or more through the environmental regulatory review process quickly.
Following Trump, Sajwani briefly joined the news conference and said: «It's been amazing news for me and my family when he was elected in November.»
Sajwani's promised investment feeds into an existing boom for constructing data centres used in the development of artificial intelligence and expansion of cryptocurrency, as well as in other elements of an increasingly digital economy that relies on having greater sources of computer processing power.
While Trump has sought to portray these announcements as a
