Hussain Sajwani and Trump unveil $20 billion investment to build AI and hyperscaler data centers in the U.S.

President-elect Donald Trump and Emirati billionaire Hussain Sajwani revealed a $20 billion foreign investment plan to build data centers across the U.S. during an announcement at Mar-a-Lago on Tuesday. The ambitious project, backed by Sajwani’s DAMAC Properties, marks a significant move to strengthen America’s tech infrastructure.

“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,” the Dubai developer said in a video remarks.

🚨BREAKING: Hussain Sajwani joins President Trump to announce a $20 billion U.S. investment:

“This moment has been four years in the making.”
pic.twitter.com/hc0F23dpe2

— Benny Johnson (@bennyjohnson) January 7, 2025

This announcement comes as Trump aims to make the U.S. more appealing to foreign investors. His administration has offered incentives, including expedited permits, for businesses willing to invest $1 billion or more. Sajwani’s pledge follows Softbank CEO Masayoshi Son’s December announcement of a $200 billion investment plan to create 100,000 jobs.

According to a report from CNBC, the first phase will kick off in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. According to Trump, this initiative has the potential to exceed its initial scale. “They may go double, or even somewhat more than double, that amount of money,” he said, hinting at further commitments from Sajwani’s company.

For Sajwani, the timing aligns perfectly with Trump’s leadership. Speaking at the event, he shared, “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.”

As the U.S. prepares for a new administration, this investment underscores the appeal of America as a destination for international business leaders to expand their footprint. With a focus on data centers for AI and hyperscalers, the plan highlights the growing demand for advanced infrastructure to support technological growth.

Sajwani founded Damac Properties in 2002. Since then the firm has grown into one of the Middle East’s leading luxury property developers. Known for its portfolio of high-end residential, commercial, and leisure projects, the company reflects Sajwani’s entrepreneurial vision and prominence in the real estate sector.