In a recent press conference held at Mar-a-Lago, President-elect Donald Trump unveiled a significant investment plan by DAMAC, an Emirati company led by Hussain Sajwani.
The firm has committed to injecting at least $20 billion into the US economy for the construction of data centers.
According to The Post Millennial, Trump hinted at the possibility of the investment amount doubling or even exceeding that figure. The proposed data centers, described as "massive," are set to be spread across the Midwest and Sun Belt regions. These centers are expected to propel the U.S. to the forefront of technology and artificial intelligence. The initial phase of this ambitious project will encompass states such as Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.
Sajwani, while addressing the press, stated, "For the last four years we've been waiting for this moment, and we're planning to invest $20 billion, and even more than that if the opportunity and the market allow us." This announcement follows Trump's revelation last December about a $100 billion investment by Japanese company Softbank, projected to create 100,000 jobs. Softbank's Masayoshi Son expressed that Trump's election victory had significantly boosted his "confidence level" in the U.S. economy, prompting this substantial investment.
Trump's pro-business stance is evident in his declaration that any company investing $1 billion or more will benefit from "fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals." This move, favoring limited government intervention and promoting free-market economics, aligns with conservative values and is expected to stimulate economic growth and job creation. The investments by DAMAC and Softbank underscore the confidence of international businesses in the U.S. economy under Trump's leadership.
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