Trump Announces $20 Billion Investment for US Data Centers by Emirati Businessman

The latest announcement followed Japanese tech-investing titan SoftBank’s $100 billion investment pledge.
Trump Announces $20 Billion Investment for US Data Centers by Emirati Businessman
President-elect Donald Trump listens as DAMAC Properties CEO Hussain Sajwani speaks to members of the media during a press conference at the Mar-a-Lago Club in Palm Beach, Fla., on Jan. 7, 2025. Scott Olson/Getty Images
|Updated:
0:00

President-elect Donald Trump announced on Jan. 7 a $20 billion foreign investment to construct new data centers across the United States.

While speaking to reporters at his Mar-a-Lago residence, Trump said the funds would be allocated to establish new data centers in the Midwest and Sun Belt regions. According to Trump, the initial phase will take place in Arizona, Illinois, Indiana, Louisiana, Michigan, Ohio, Oklahoma, and Texas.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."