Trump announces $20 billion foreign investment to build new data centers

President-elect Donald Trump On Tuesday, he announced a $20 billion foreign investment to build new data centers in the United States.

Emirati billionaire Hussain Sajwani, a Trump associate and founder of real estate development company DAMAC Properties, is pledging “at least” that amount, the president-elect said at his Florida home, Mar-a-Lago.

“They could double, or even a little more than double, that amount of money,” Trump said of Sajwani’s company.

The “first phase” of the plan will take place in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana, Trump said.

Sajwani suggested that the Republican’s election prompted him to get involved in the investment.

“It was amazing news for me and my family when [Trump] was elected in November. We waited four years to increase our investment [the] United States at very large amounts of money,” the Dubai developer said in brief remarks at Mar-a-Lago.

Sajwani’s pledge is the latest example of a foreign business leader promising to spend big in the United States as a result of Trump’s victory over the Democratic Vice President. Kamala Harris.

Last month, Softbank CEO Masayoshi Son announced the plans invest $100 billion in America and create 100,000 jobs over the course of Trump’s four-year term.

Trump, who takes office on January 20, has sought to attract more foreign entities to do business in the United States by offering perks, such as expedited permitsfor those investing $1 billion or more.