Related videos:
The elected president of the United States, Donald Trump, announced on Tuesday during a press conference at his residence in Mar-a-Lago, Florida, a foreign investment of $20 billion aimed at the construction of data centers in the country.
The initiative will be carried out in partnership with Hussain Sajwani, a billionaire Emirati and founder of DAMAC Properties, a leading real estate development company.
Trump emphasized that this investment, led by Sajwani and DAMAC Properties, will focus on creating state-of-the-art technological infrastructure for the development of artificial intelligence (AI).
"I am delighted to announce today that DAMAC will invest at least $20 billion in a very short period of time in the United States, and they could double that amount or even exceed it. It's great news," Trump said, as reported by the U.S. press.
"Artificial intelligence is key to the future of data centers and will be a hot topic in the coming years," he added.
According to the elected president, the first data centers will be located in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana, which will boost the technological leadership of the United States.
Profile of the businessman and Trump partner
Hussain Sajwani, president of DAMAC Properties, has maintained a close personal and business relationship with Trump for years.
Your company previously collaborated with the Trump Organization in the construction of a golf course in Dubai, strengthening a strategic alliance that is now expanding into U.S. territory.
"I have been waiting for him to return to power to increase our investments in this great country," said Sajwani, who was present at the press conference.
The billionaire has also publicly shown his support for the Republican magnate during controversial moments, such as after the Capitol invasion in 2021, when other companies severed ties with Trump.
DAMAC Properties and Sajwani aim to capitalize on the growing interest in artificial intelligence, a sector that is driving global demand for data centers.
On social media, Sajwani recently shared a photograph with Trump and Elon Musk, taken during the New Year's celebrations at Mar-a-Lago, highlighting his closeness to Trump's circle of power.
This link could strengthen investor confidence in the project, although greater clarity on the timelines and the actual impact of the investment is still expected.
The announcement comes at a time when major tech firms have accelerated the construction of digital infrastructure to process and store data, seeking to solidify their leadership in the technological revolution.
However, it is worth noting that similar announcements of foreign investments made by Trump in the past have not always come to fruition. This creates some uncertainty regarding the actual scope of the collaboration with DAMAC.
The announcement represents a strategic move to revitalize the economy and technological leadership of the United States, consolidating the relationship between Trump and the Emirati billionaire as a key pillar of this vision.
However, it will be essential to observe the effective implementation of the projects in the coming months.
Filed under: