President-elect Donald Trump announced a $20 billion foreign investment in new data centers Tuesday.
The pronouncement came during Trump’s pre-inauguration press conference at Mar-A-Lago, his second since his November victory. The $20 billion investment will come from Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties. (RELATED: ‘Amazing Idea’: Scott Jennings Says Buying Greenland Would Be ‘A Great Legacy Piece’ For Donald Trump)
“The Trump Data Center announcement today is his agenda coming to life before he even takes office,” former Republican Florida Rep. Matt Gaetz wrote on X Tuesday. “Data centers use lots of energy. They go where energy is most efficient, obviously. There is an expectation that American energy costs will come down. Thus, the billions are being invested here, not elsewhere.”
The Trump Data Center announcement today is his agenda coming to life before he even takes office.
Data centers use lots of energy. They go where energy is most efficient, obviously.
There is an expectation that American energy costs will come down.
Thus, the billions are…
— Former Congressman Matt Gaetz (@FmrRepMattGaetz) January 7, 2025
Trump to announce $20 billion investment to build new data centers, per CNBC.
— unusual_whales (@unusual_whales) January 7, 2025
Trump also vowed to “expedite” environmental approvals for foreign entities who invest more than $1 billion in the U.S. economy.
This is a breaking news story that will be updated.
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