President-elect Donald Trump on Tuesday announced a $20 billion investment in US-based data centers by Hussain Sajwani, the billionaire founder of DAMAC Properties and a close business associate of the Trump family.

Emirati billionaire Hussain Sajwani said on Friday he expects more investments from the oil-rich Gulf into the U.S. as President-elect Donald J. Trump's second term in office heralds a "pro-business" climate.

WASHINGTON (AP) — President-elect Donald Trump on Tuesday announced a $20 billion investment for data centers in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner of the Trump family.

President-elect Donald Trump has announced that Hussain Sajwani, an Emirati billionaire businessman who founded the property development giant DAMAC Properties, will invest $20 billion in new data centers across the United States.

Texas — already magnet for data center builds— stands to benefit from a proposed $20 billion investment announced by President-elect Donald Trump.

Dubai real estate developer Damac Properties will invest $20 billion in data centres across the United States, President-elect Donald Trump announced on Tuesday.

Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.

Hussain Sajwani, CEO of DAMAC Properties, confirmed a significant $20 billion investment in the U.S. during a recent Mar-a-Lago event with President-elect Donald Trump. This move underscores the continued business ties between Trump and Sajwani,

Ahead of his inauguration at the end of January, President-elect Donald Trump announced that Damac Properties, controlled by Emirati

Hussain Sajwani, a longtime Trump ally, announced a multibillion-dollar investment amid growing U.S. demand for AI and crypto infrastructure.

President-elect Donald Trump announced Jan. 7 a $20B plan to ramp up data center development across the United States. The effort will be financed with an investment led by Emirati billionaire Hussain Sajwani, who is the head of Damac Properties, a luxury real estate developer in the Middle East and United Kingdom.