Trump announces $20 billion foreign investment to build new U.S. data centers

Trump announces billion foreign investment to build new U.S. data centers

U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025.

Carlos Barria | Reuters

President-elect Donald Trump on Tuesday announced a $20 billion foreign investment to build new data centers across the United States.

Emirati billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging “at least” that amount, the president-elect said at his Florida home Mar-a-Lago.

“They may go double, or even somewhat more than double, that amount of money,” Trump said of Sajwani’s company.

The “first phase” of the plan will take place in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana, Trump said.

This is breaking news. Please check back for updates.

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