Foreign investment in the United States surged after Donald Trump’s election, with a major announcement coming from Emirati billionaire Hussain Sajwani.
On Tuesday, President-elect Trump revealed a $20 billion commitment by Sajwani’s DAMAC Properties to develop data centers across the country. This ambitious project is expected to span Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana as part of its first phase.
Trump made the announcement at his Florida estate, Mar-a-Lago, noting that Sajwani’s investment could potentially exceed $40 billion. “They may go double, or even somewhat more than double, that amount of money,” Trump remarked, highlighting the project’s substantial scale.
Sajwani, a long-time Trump associate and founder of DAMAC Properties, cited Trump’s electoral victory as a driving force behind his decision.
“It’s been amazing news for me and my family when [Trump] was elected in November,” Sajwani stated. “We’ve been waiting four years to increase our investment in [the] U.S. to very large amounts of money.”
This pledge is one of several high-profile commitments from foreign business leaders influenced by Trump’s pro-business rhetoric and policies.
Emirati billionaire Hussain Sajwani joins global business leaders in bolstering U.S. economic growth.
In December, SoftBank CEO Masayoshi Son announced plans to invest $100 billion in the U.S., creating 100,000 jobs during Trump’s term.
Trump’s approach to attracting foreign investments includes offering incentives like expedited permits for businesses pledging over $1 billion.
These strategies aim to revitalize U.S. industries and boost job creation. With Trump’s inauguration set for January 20, his administration’s ability to leverage such investments will play a key role in shaping the nation’s economic landscape.
As the U.S. prepares for this wave of foreign capital, the commitment from DAMAC Properties stands as a testament to the potential economic benefits of strong international partnerships fostered under Trump’s leadership.
