Hussain Sajwani, founder of the Damac Group, plans to invest $20 billion in building data centers across the United States. The announcement was made by President-elect Donald Trump during a press conference at his Mar-a-Lago resort in Florida. Sajwani later confirmed the news to Gulf News.

The investment will focus on establishing data centers in states like Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. Trump emphasized that these centers will play a key role in keeping the U.S. competitive in emerging technologies, especially artificial intelligence.

“This is an extremely exciting moment for us,” Sajwani said in his statement, adding that this move marks a significant step in creating a global digital infrastructure. He explained that the project aims to support cloud and AI advancements while reinforcing the U.S.’s position in the global data ecosystem.

Trump described the investment as a win for the U.S., promising to fast-track environmental and permitting processes to support the initiative. He credited his election victory for encouraging foreign business leaders like Sajwani to invest in America.

This announcement follows another major pledge by SoftBank Group, which promised to invest $100 billion in the U.S. over the next four years, as revealed during a December press conference with Trump and SoftBank CEO Masayoshi Son.