In an interesting turn of events, a Dubai-based billionaire, Hussain Sajwani, has promised a significant investment in building data centers across the United States. Sajwani, who is known for his property development company DAMAC Properties, plans to spend at least $20 billion on this project. The news was shared by then U. S. President-elect Donald Trump during his remarks at his Florida home, Mar-a-Lago. Trump mentioned that the investment could potentially double or even go higher.

The first phase of this project is set to happen in several states, including Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. Sajwani noted that Trump's election victory in November encouraged him to increase investment in the U. S. This investment is one of many big promises made by foreign business leaders following Trump's win over Democratic Vice President Kamala Harris.

Just last month, the CEO of Softbank, Masayoshi Son, announced plans to invest $100 billion in the U. S. , aiming to create 100, 000 jobs during Trump's upcoming term. As Trump prepares to take office on January 20, he has been actively encouraging foreign businesses to invest in the U. S. by offering incentives like faster permits for those investing $1 billion or more. This update is still developing, so stay tuned for more details.

Billionaire Promises Major Investment in U. S. Data Centers

Actions