Trump announces $20 billion foreign investment to build new U.S. data centers

finance
Created 1/7/2025
Updated 1/7/2025

President-elect Donald Trump announced a USD20 billion foreign investment by Emirati billionaire Hussain Sajwani to build U.S. data centers, with potential to double in size. The initial phase will span states like Texas, Arizona, and Ohio, with Sajwani citing Trump’s election as a motivator. Trump is also offering perks, such as expedited permits, for foreign businesses investing over USD1 billion. This follows SoftBank’s December pledge to invest USD100 billion and create 100,000 U.S. jobs. The moves underscore Trump’s focus on boosting foreign investment and infrastructure during his upcoming presidency.

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