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Dubai's DAMAC Properties will invest at least $20 billion in U.S. data centers, President-elect Donald Trump announced Tuesday at Mar-a-Lago, alongside CEO Hussain Sajwani. The investment will focus on facilities across Texas, Arizona, and Ohio, supporting AI and cloud services. Sajwani credited Trump's election victory for inspiring the move, describing it as an opportunity they had awaited for years. Trump suggested the figure could double in the future, but Sajwani confirmed the initial commitment of $20 billion. Japan's SoftBank recently announced a $100 billion U.S. investment and plans to create 100,000 tech jobs following Trump's election.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Dubai's Damac properties will invest at least $20 billion in U.S. data centers.
00:06President-elect Donald Trump announced Tuesday at Mar-a-Lago alongside CEO Hussein Sajwani.
00:12The investment will focus on facilities across states including Texas, Arizona,
00:16and Ohio, supporting AI and cloud services.
00:19Sajwani credited Trump's election victory for inspiring the move,
00:23describing it as an opportunity they had awaited for years.
00:25Trump suggested the figure could potentially double in the future,
00:28but Sajwani confirmed the initial commitment of $20 billion.
00:32Japan's SoftBank recently announced a $100 billion U.S. investment
00:36and plans to create 100,000 tech jobs following Trump's election.

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