Trump Announces US$20 Bln Investment From UAE To Build Data Centres In US

WASHINGTON, Jan 8 (Bernama-Xinhua) -- US President-elect Donald Trump on Tuesday announced that US$20 billion from an Emirati developer will be invested to build data centres across the United States, just days ahead of his inauguration on Jan 20, reported Xinhua.

At a press conference at his Mar-a-Lago estate in Palm Beach, Florida, Trump told reporters that the investor is Emirati billionaire Hussain Sajwani, chairman of DAMAC properties.

DAMAC Properties based in Dubai, United Arab Emirates (UAE), is one of the largest luxury real estate development companies in the Middle East.

"The investment will support massive new data centres across the Midwest, the Sun Belt area, and also to keep America on the cutting edge of technology," Trump said.

Trump noted that the first phase of the investments would be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana.

"Artificial intelligence is very big into the data centres, and that's going to be a very hot item in the coming years," said the President-elect.

In December at another press conference, Trump announced that Japan's SoftBank Group Corp is committed to investing US$100 billion in the United States over the next four years.

--BERNAMA-XINHUA