Trump's business partner, a billionaire from Dubai, will invest at least $20 billion in building data centers in the United States.

On Tuesday, US President-elect Donald Trump announced at the Mar-a-Lago estate that Hussain Sajwani, the head of Damac Group and a Dubai billionaire, will invest at least $20 billion in building new data centers in the Midwest and Southwest United States. Trump stated that the first phase of the investment will be in states such as Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. He emphasized the importance of this investment in maintaining America's competitiveness in emerging technology sectors. Trump said, "This investment will support the construction of large-scale data centers in the Midwest and the Sun Belt, ensuring America maintains its leadership in technology and artificial intelligence." Trump reiterated his plan to fast-track foreign investments of $1 billion or more through the environmental regulatory approval process to attract more foreign entities to do business in the US. At the same time, Trump praised Hussain Sajwani as "one of the most respected business leaders in the Middle East and even globally," attributing his investment decision to his election victory. Hussain Sajwani confirmed that it was indeed Trump's election victory that inspired him to focus on this investment, stating, "When Trump won in November, it was good news for me and my family. We waited many years to make a huge investment in the US." It is reported that Hussain Sajwani has a good personal relationship with Trump and attended his New Year's Eve party in Florida in 2017 with his family. There are reports that Hussain Sajwani has maintained close business ties with the Trump Organization through real estate projects in the UAE and other Middle Eastern regions. Hussain Sajwani himself confirmed that their partnership dates back over a decade and may further deepen. Hussain Sajwani referred to himself as "Trump's Middle East business partner," stating that he plans to invest $20 billion and may even invest more if opportunities and markets allow. According to the Bloomberg Billionaires Index, Hussain Sajwani's net worth has surged to around $13 billion in recent years. It is currently unclear how Hussain Sajwani will fund the above-mentioned investment, but one thing is clear: the real estate developer hopes to leverage his relationship with Trump. The announced investment in the US is part of Damac Group's foray into the data center business. The company also plans to invest $3 billion in Southeast Asia to build data centers in the next three to five years, especially in Malaysia, Indonesia, and Thailand. As Trump's inauguration approaches, business leaders have been showing their support, including visiting the Mar-a-Lago estate and donating to his inaugural fund. Trump intends to use this support to demonstrate that his policies will promote American business development and foreign investment. For example, in December last year, SoftBank CEO Masayoshi Son pledged to invest $100 billion in the US over the next four years and create 100,000 jobs.