Hussain Sajwani announces a $20 billion investment in the United States alongside President Trump: “For the last four years, we’ve been waiting for this moment.”
Trump announces a $20 billion investment by DAMAC Properties to build data centers across the United States
TRUMP: “Energy is going to bring down prices. We are going to have a lot of energy. Energy and their bad spending is what brought it up… You’re going to see some pretty drastic price reductions.”
During a press conference on Tuesday, President Trump announced an investment of “at least” $20B from Emirati billionaire and DAMAC Properties founder Hussain Sajwani to build data centers in several US states.
“It’s been amazing news for me and my family when he was elected in November. We’ve been waiting four years to increase our investment in [the] US to [a] very large amount of money.” Sajwani said at the Mar a Lago.
“We’re very, very excited now with his leadership and his open strategy and policy to encourage businesses to come to [the] US. For the last four years, we’ve been waiting for this moment, and we’re planning to invest $20 billion and even more than that if the opportunity and the market allow us.”
“The investment will support massive new data centers across the Midwest, the Sun Belt area, and also to keep America on the cutting edge of technology,” said Trump. “The first phase of the project will be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana.”
Trump: And I’m thrilled to announce today that DAMAC will be investing at least $20 Billion over a very short period of time into the United States, and they may go double, or even somewhat more than double, that amount of money. This is a great thing. And I believe he will say that he’s doing it because of the fact that he was very inspired by the election.
They wouldn’t do it without that election. I can tell you, a lot of people wouldn’t. You saw last week where we have somebody who’s going to go from $100 to $200 billion, and we have many other people and we’ll be bringing some of them out. Some of them like to do it somewhat more quietly and some don’t, and they feel so strongly about the country that they want to let people know about it, but it’s an honor to have such a great investor investing in our country. The investment will support massive new data centers across the Midwest, the Sun Belt area, and also to keep America on the cutting edge of technology, and artificial intelligence is very big into the data centers, and that’s going to be a very hot item in the coming years, as you know, with AI in particular.
Sajwani: Thank you, Mr. President. It’s been amazing news for me and my family when he was elected in November. We’ve been waiting four years to increase our investments in US to very large amount of money. We are a company operating in more than 20 countries around the world. We have delivered more than 45,000 luxury units and another 45,000 in the pipeline.
In data center, we are in 10 countries around the world, in Asia, Europe and Middle East, and we’re very, very excited now with his leadership and his open strategy and policy to encourage businesses to come to US. For the last four years, we’ve been waiting for this moment, and we’re planning to invest $20 billion and even more than that, if the opportunity and the market allow us, but at the moment, we’re planning $20 billion in data center, catering for the AI and cloud business for the hyperscalers.
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Trump announces $20B investment to build data centers; Energy to bring down prices, drastic price reductions