Saturday, April 26, 2025

Trump Unveils $20 Billion Data Center Plan Backed by UAE Billionaire Sajwani

Hussain Sajwani, founder and CEO of UAE-based real estate developer DAMAC Properties, held a press conference on January 7 at Donald Trump\'s Mar-a-Lago estate in Florida. President-elect Trump announced that Sajwani\'s DAMAC plans to invest a minimum of $20 billion to construct data centers across the United States. / Reuters Yonhap
Hussain Sajwani, founder and CEO of UAE-based real estate developer DAMAC Properties, held a press conference on January 7 at Donald Trump’s Mar-a-Lago estate in Florida. President-elect Trump announced that Sajwani’s DAMAC plans to invest a minimum of $20 billion to construct data centers across the United States. / Reuters Yonhap

On Wednesday, U.S. President-elect Donald Trump unveiled plans for new data centers nationwide, backed by foreign investment of at least $20 billion.

Trump stated that Sajwani, a UAE billionaire and close associate, promised to invest a minimum of $20 billion during their meeting at Mar-a-Lago.

Sajwani is the founder of DAMAC Properties, a real estate development firm.

Trump suggested that DAMAC might significantly increase its investment in data centers, indicating that the amount could double or possibly even more.

He outlined that the “first phase” of data center construction will occur in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.

During their joint press conference at Mar-a-Lago, Sajwani explained that Trump’s election victory inspired his decision to make substantial investments.

“It’s been amazing news for me and my family when Trump was elected in November. We’ve been waiting four years to increase our investment in the U.S. to very large amounts of money.”

This isn’t the first major foreign investment following Trump’s re-election.

Previously, Masayoshi Son, CEO of SoftBank in Japan, announced plans to invest $100 billion in the U.S. during Trump’s four-year term and create 100,000 jobs.

Son also spent time with Trump at Mar-a-Lago before announcing his large-scale investment plans.

To attract foreign investments, Trump offers incentives such as expediting approvals for investments exceeding $1 billion.

Hot this week

Bessent Sets Agenda for U.S.–Japan Trade Talks: No Yen Target, Just Tariff Strategy

U.S. Treasury Secretary Bessent outlines trade talks with Japan, focusing on tariffs and trade deficit, avoiding currency targets.

Markets Rebound Strongly on Hopes of U.S.–China ‘Big Deal’ and Tesla Turnaround

The New York stock market rallied for the second day, driven by optimism in U.S.-China trade talks and strong tech stock performances.

Oil Prices Fall as OPEC+ Signals June Production Hike

Oil prices fell sharply after a surge due to U.S. sanctions on Iran, as OPEC+ considers increasing production rates in June.

AI Politeness Has a Cost: Saying ‘Thank You’ to AI Adds to Energy and Water Consumption

Users thanking AI may lead to increased energy consumption, as polite interactions raise server loads and electricity costs significantly.

Dow Soars Over 1,000 Points as U.S.-China Trade Hopes Lift Markets

U.S. stock indices surged over 2.5% as optimism grew for a U.S.-China trade deal, while Tesla faced mixed reactions post-earnings.

Topics

Bessent Sets Agenda for U.S.–Japan Trade Talks: No Yen Target, Just Tariff Strategy

U.S. Treasury Secretary Bessent outlines trade talks with Japan, focusing on tariffs and trade deficit, avoiding currency targets.

Markets Rebound Strongly on Hopes of U.S.–China ‘Big Deal’ and Tesla Turnaround

The New York stock market rallied for the second day, driven by optimism in U.S.-China trade talks and strong tech stock performances.

Oil Prices Fall as OPEC+ Signals June Production Hike

Oil prices fell sharply after a surge due to U.S. sanctions on Iran, as OPEC+ considers increasing production rates in June.

AI Politeness Has a Cost: Saying ‘Thank You’ to AI Adds to Energy and Water Consumption

Users thanking AI may lead to increased energy consumption, as polite interactions raise server loads and electricity costs significantly.

Dow Soars Over 1,000 Points as U.S.-China Trade Hopes Lift Markets

U.S. stock indices surged over 2.5% as optimism grew for a U.S.-China trade deal, while Tesla faced mixed reactions post-earnings.

Oil Snaps Back: U.S. Sanctions on Iran Fuel Fresh Price Surge

Oil prices surged after U.S. sanctions on Iran, despite previous declines due to market sentiment influenced by Trump’s criticism of the Fed.

Conclave Set to Begin as Vatican Mourns Pope Francis; Korean Cardinal Among Electors

Pope Francis's funeral is set to be modest, with a conclave to elect his successor commencing next month. Cardinal You will participate.

Trump-Powell Fallout Roils Markets: Dow Plunges 972 Points, Tesla Drops Nearly 6%

The NYSE faced a major sell-off as doubts about the Fed's independence led to sharp declines in major tech stocks and the dollar.

Related Articles