A United Arab Emirates investment firm has pledged $20 billion to build new data centers targeting AI across a number of locations across the United States.

President-elect Donald Trump on Tuesday announced that a company from the UAE will invest $20 billion to build data centers in the U.S., primarily in the Midwest and Sun Belt.

Joining Trump for a rally in Florida on Tuesday, Sajwani, the president-elect’s self-styled right-hand man in the Middle East, announced that his company would invest at least $20 billion in new US data centers from Arizona to Ohio.

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UAE property firm Damac is to invest billions of dollars into developing data centers in the US. Speaking from his Mar-a-Lago resort in Palm Beach, Florida, President-elect Donald Trump announced the company would be investing “at least $20 billion over a very short period of time” into data centers.

The United Arab Emirates-based billionaire Hussain Sajwani will invest $20 billion toward building data centers in the U.S., President-elect Donald Trump announced Tuesday, disclosing a massive investment in a burgeoning American industry and deepening his yearslong ties with Sajwani.

P resident-elect Donald Trump announced that Dubai-based real estate firm Damac plans to invest $20 billion into building data centers in the US. The announcement was made at Trum

DAMAC's Hussain Sajwani, who recently joined Donald Trump at a press conference to announce a new US data center project, says that funding for the deal is still in the works. Nevertheless, he expects to expand his $20 billion investment over time as his focus turns from Europe and Asia-based projects to the US.