WASHINGTON, Jan. 7 (Xinhua) -- U.S. President-elect Donald Trump on Tuesday announced that 20 billion U.S. dollars from an Emirati developer will be invested to build data centers across the United States, just days ahead of his inauguration on Jan. 20.
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 centers 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 the states of Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana.
"Artificial intelligence is very big into the data centers, 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 100 billion dollars in the United States over the next four years.
