Trump Announces $20 Billion Foreign Investment To Build New U.S. Data Centers

President-elect Donald Trump unveiled a significant $20 billion foreign investment aimed at building new data centers across the United States.

The announcement was made Tuesday morning at Trump’s Mar-a-Lago estate in Palm Beach, Florida, alongside billionaire Hussain Sajwani, founder of DAMAC Properties and a close Trump associate. Sajwani pledged the $20 billion investment as part of his company’s commitment to U.S. economic growth.

“I’m thrilled to announce today that DAMAC will be investing at least $20,000,000,000 over a very short period of time into the United States, and they may go double or even somewhat more than double that amount of money,” Trump declared during the event.

Trump praised Sajwani’s enthusiasm, adding, “He was very inspired by the election,” and joking that the investment could potentially double.

Sajwani shared his optimism, saying, “It’s been amazing news for me and my family when he was elected… We have been waiting four years to increase our investments in the U.S.”

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The event also provided Trump an opportunity to critique President Joe Biden’s recent executive order, which imposes new restrictions on oil and gas drilling in federal waters. The order, issued under the Outer Continental Shelf Lands Act of 1953, permanently halts future leasing and drilling off the East Coast and the coasts of California, Oregon, and Washington State.

“They took away 620 million acres of offshore drilling. Nobody else does that. We’ll put it back on Day One. I’ll have it revoked on Day One. Immediately. We’ll go to the courts [if needed],” Trump stated firmly.

Trump criticized Biden’s actions, saying, “[Biden said] he wants the transition to be smooth. Well, you don’t do [this].”

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This announcement comes on the heels of another major investment deal. Last month, Trump revealed a $100 billion investment from SoftBank, announced alongside its CEO Masayoshi Son at Mar-a-Lago.

Speaking about the investment, Son expressed his confidence in the U.S. economy under Trump’s leadership. “My confidence level in the U.S. economy has tremendously increased with [Trump’s] victory,” Son said, adding, “Because of that – I am committing $100 billion and 100,000 jobs into the United States. This is double of last time… because President Trump is a double-down president.”

Trump described the $100 billion pledge as a demonstration of “monumental confidence in America’s future,” humorously challenging Son to double the investment to $200 billion. Son, smiling, said he would try.

Calling Son “one of the most accomplished business leaders of our time,” Trump underscored the significance of the deal in boosting the U.S. economy and reducing inflation during his upcoming second term, set to begin on January 20.

According to Reuters, the SoftBank investment aligns with Trump’s broader commitment to revitalizing the U.S. economy, showcasing the confidence global investors have in his leadership.