President-elect Donald Trump announced Tuesday that DAMAC Properties, a global real estate and investment firm, will invest $20 billion into the United States, with the possibility of doubling that amount in the near future.
The investment, led by DAMAC founder and chairman Hussain Sajwani, will focus on building massive data centers across the Midwest and Sun Belt regions, supporting advancements in artificial intelligence (AI) and cloud technology.
The investment, described as a transformative move for U.S. technology and infrastructure, will launch its first phase in eight states: Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. The data centers are expected to keep the U.S. at the forefront of technology innovation, particularly in AI development and cloud computing.
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“This is a great thing for our country,” Trump said during the announcement. “Hussain Sajwani is one of the most respected business leaders in the Middle East and the world. This investment wouldn’t have happened without the recent election—it’s a reflection of the renewed confidence in America’s future.”
Sajwani, who joined Trump on stage, expressed excitement about the partnership and optimism about the U.S. investment climate under Trump’s leadership. “We’ve been waiting for this moment for four years. With his leadership and open policies encouraging business, we’re thrilled to invest in data centers that will cater to AI and cloud businesses,” Sajwani said.
DAMAC, which operates in over 20 countries and has delivered 45,000 luxury units with an additional 45,000 in development, is no stranger to large-scale investments. Sajwani indicated that the $20 billion commitment could grow depending on market conditions.
Trump also announced measures to expedite environmental and regulatory reviews for large investments like DAMAC’s. “For anyone investing over a billion dollars, we’re guaranteeing expedited reviews to avoid the regulatory quagmire,” Trump said, referencing his previous success in streamlining lengthy approval processes during his presidency. He cited an example of reducing a 14-year review process for a Louisiana plant to just one week.
This approach aims to attract more foreign and domestic investments by cutting red tape, particularly for projects in critical industries like technology and infrastructure.
The DAMAC investment is expected to generate significant economic benefits, including job creation, technological advancement, and increased competitiveness in the global AI and cloud markets.
The data centers will cater to hyperscalers, major companies that require massive infrastructure for their cloud and AI operations.
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