President-elect Donald Trump announced an investment of at least $20 billion from Hussain Sajwani, the head of Damac Group, to build new data centers in the US.

Emirati billionaire Hussain Sajwani promised a $20 billion investment in the booming U.S. data center industry in the coming years, he and U.S. President-elect Donald Trump announced on Tuesday at Trump's home in Palm Beach,

“The investment will support massive new data centers across the Midwest, the Sun Belt area, and also to keep America on the cutting edge of technology and artificial intelligence,” Trump said at a news conference at his Mar-a-Lago resort in Florida on Tuesday.

Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.

“The investment will support massive new data centers across the Midwest, the Sun Belt area, and also to keep America on the cutting edge of technology and artificial intelligence,” Trump said at a press conference at his Mar-a-Lago resort in Florida on Tuesday.

Emirati billionaire Hussain Sajwani promised a $20 billion investment in the booming U.S. data center industry in the coming years, he and U.S. President-elect Donald Trump announced on Tuesday at Trump's home in Palm Beach,

Dubai developer DAMAC Properties will invest at least $20 billion "over a very short period of time" in the U.S., primarily in data centers in the middle of the country, President-elect Donald Trump announced Tuesday,

"He was very inspired by the election and wouldn't do it without the election," Trump said.

U.S. President-elect Donald Trump on Tuesday announced a $20 billion new investment to build data centers across the United States. At a news conference at his home in Palm Beach, Florida, Trump said the investor is Emirati billionaire Hussain Sajwani,