Trump announces $20B US investment by Emirati businessman

Advertisement

Advertise with us

WASHINGTON (AP) — President-elect Donald Trump on Tuesday announced a $20 billion investment for data centers in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner of the Trump family.

Read this article for free:


or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Hey there, time traveller!
This article was published 07/01/2025 (645 days ago), so information in it may no longer be current.

WASHINGTON (AP) — President-elect Donald Trump on Tuesday announced a $20 billion investment for data centers in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner of the Trump family.

The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump’s personal ability to attract new money for big projects. The announcement follows a pledge made last month by the Japanese billionaire investor Masayoshi Son, while at Trump’s side, to invest $100 billion in the United States.

Trump said at a news conference that he believed Sajwani made the commitment because “he was very inspired by the election and wouldn’t do it without the election.” The president-elect emphasized his plans to get investments of $1 billion or more through the environmental regulatory review process quickly.

Scott Bessent, left, President-elect Donald Trump's nominee to be Treasury secretary, meets with Sen. John Cornyn, R-Texas, a member of the Senate Finance Committee which will preside over Bessent's confirmation, at the Capitol in Washington, Tuesday, Jan. 7, 2025. (AP Photo/J. Scott Applewhite)
Scott Bessent, left, President-elect Donald Trump's nominee to be Treasury secretary, meets with Sen. John Cornyn, R-Texas, a member of the Senate Finance Committee which will preside over Bessent's confirmation, at the Capitol in Washington, Tuesday, Jan. 7, 2025. (AP Photo/J. Scott Applewhite)

Following Trump, Sajwani briefly joined the news conference and said: “It’s been amazing news for me and my family when he was elected in November.”

Sajwani’s promised investment feeds into an existing boom for constructing data centers used in the development of artificial intelligence and expansion of cryptocurrency, as well as in other elements of an increasingly digital economy that relies on having greater sources of computer processing power.

While Trump has sought to portray these announcements as a source of newfound energy in the U.S. economy, the $20 billion commitment is also a sign that wealthy investors close to Trump can profit off that relationship, given the already significant investment in new data centers.

In October, the financial company Blackstone estimated that the U.S. would see $1 trillion invested in data centers over five years, with another $1 trillion being committed internationally. The commitment made by Sajwani could represent just 2% of the total expected domestic investment in the sector.

Sajwani would gain data centers in the United States, which thus far have not been part of his company’s EDGNEX data center portfolio. According to the company’s website, it already has or plans to build data centers in the UAE, Saudi Arabia, Turkey, Spain, Thailand and Indonesia.

DAMAC Properties is one of the top private developers in the skyscraper-studded city-state in the United Arab Emirates.

The property developer has been a Trump partner. Under Sajwani, DAMAC built the Trump International Golf Club at a massive development in the city’s desert outskirts just before Trump first entered the White House.

DAMAC also paid a licensing fee worth millions back to the Trump Organization, following a pattern the president-elect’s company has used in developments both in the U.S. and abroad.

There had been plans for another DAMAC development further in the desert that would have a Trump-named golf course. However, DAMAC later dropped plans for the golf course at the development. Also, discussions for a promised $2 billion in deals between DAMAC and the Trump Organization after his first electoral win in 2016 never materialized.

Sajwani has said that Trump’s initial election to the presidency helped increase the profile of his company.

Since Trump’s re-election in November, Sajwani has been seen at Trump’s Mar-a-Lago estate in Florida. He posted a picture standing between a seated Trump and billionaire Elon Musk at a New Year’s Eve celebration.

However, the Trump Organization since has been involved with Dar Global, a Saudi-funded real estate firm that’s building a Trump-branded golf course in Oman and Trump projects in Saudi Arabia.

There are plans for a Trump Tower in Dubai as well, though previous plans for a Trump Tower on Dubai’s man-made Palm Jumeirah archipelago fell apart during the city’s financial crisis that began in 2008. ___

Associated Press writer Jon Gambrell in Dubai, United Arab Emirates, contributed to this report.

Report Error Submit a Tip

More Stories

Manitoba e-scooter legislation changes set to impose speed limit, age restrictions, sidewalk ban

Matthew Frank 5 minute read Preview

Manitoba e-scooter legislation changes set to impose speed limit, age restrictions, sidewalk ban

Matthew Frank 5 minute read Updated: 11:26 AM CDT

People riding e-scooters and other personal electric vehicles in Manitoba will have to strap on a helmet, stay off sidewalks and follow new age limits once new provincial rules for the devices take effect next year.

The vehicles, which also include electric skateboards, hoverboards and unicycles, will fall under The Highway Traffic Act starting in 2027, according to the province’s website. E-bikes are excluded from the new rules, according to the province’s frequently-asked-questions page.

All riders must be at least 16 years old and wear properly fitting helmets — that goes for passengers, too, the province said.

The proposed new legislation sets a speed limit of 25 km/h and would prohibit personal electric vehicles from sidewalks unless signs specifically allow sidewalk use. Riders would be using shared paths or roads with speed limits of 50 km/hr or less. They won’t be allowed to operate the vehicles under the influence of alcohol or drugs and they must use hand signals and obey traffic signs.

Read
Updated: 11:26 AM CDT

Trump announces $20B US investment by Emirati businessman

Will Weissert And Josh Boak, The Associated Press 4 minute read Preview

Trump announces $20B US investment by Emirati businessman

Will Weissert And Josh Boak, The Associated Press 4 minute read Tuesday, Jan. 7, 2025

WASHINGTON (AP) — President-elect Donald Trump on Tuesday announced a $20 billion investment for data centers in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner of the Trump family.

The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump's personal ability to attract new money for big projects. The announcement follows a pledge made last month by the Japanese billionaire investor Masayoshi Son, while at Trump's side, to invest $100 billion in the United States.

Trump said at a news conference that he believed Sajwani made the commitment because “he was very inspired by the election and wouldn't do it without the election.” The president-elect emphasized his plans to get investments of $1 billion or more through the environmental regulatory review process quickly.

Following Trump, Sajwani briefly joined the news conference and said: “It’s been amazing news for me and my family when he was elected in November.”

Read
Tuesday, Jan. 7, 2025

20th annual VIBE awards put spotlight on giving back

Aaron Epp 4 minute read Preview

20th annual VIBE awards put spotlight on giving back

Aaron Epp 4 minute read Updated: 7:50 PM CDT

As a student at the University of Manitoba, Terry Brown never thought that one day he might be the leader of an award-winning company.

“I was just trying to find my own way,” he said.

More than two decades later, the company Brown co-founded, Okimaw Community & HR Solutions, will be honoured next month in Winnipeg at the 20th annual Visionary Indigenous Business Excellence Awards.

The awards are presented by Indigenous Business Education Partners, which offers tutoring, mentoring and financial aid and more to Indigenous students pursuing a degree at the U of M’s Asper School of Business.

Read
Updated: 7:50 PM CDT

Gillingham promises sweeping 311 upgrades if elected

Joyanne Pursaga 4 minute read Preview

Gillingham promises sweeping 311 upgrades if elected

Joyanne Pursaga 4 minute read 5:33 PM CDT

Scott Gillingham says a new round of customer service improvements would reduce lengthy waits for water bill queries, automate some 311 updates and expand online access to city services, if he’s re-elected mayor.

One promise would integrate Winnipeg water and waste’s Utility Billing Centre into its broader 311 service.

“Right now, if you have a question about your water bill, you deal with a separate call centre. And we know that people have been frustrated with long wait times there,” said Gillingham.

The pledge follows some sharp spikes in the wait to reach the Utility Billing Centre last year. In August 2025, one resident reported waiting about three hours and 40 minutes for that centre to answer her call. The city confirmed a wait time of up to four hours took place Aug. 5.

Read
5:33 PM CDT

Police, street groups looking to extend co-ordinated outreach-first approach to drug-use, trafficking crackdown

Chris Kitching 6 minute read Preview

Police, street groups looking to extend co-ordinated outreach-first approach to drug-use, trafficking crackdown

Chris Kitching 6 minute read Updated: 5:36 PM CDT

Winnipeg police and street outreach groups are discussing how to extend an initiative that tries to link people with addictions and homelessness services, while targeting open drug use and dealing.

Read
Updated: 5:36 PM CDT

Hurricane Simon pounds resorts and vulnerable towns along Mexico’s Pacific coast

Fernando Llano And Martin Silva, The Associated Press 5 minute read Preview

Hurricane Simon pounds resorts and vulnerable towns along Mexico’s Pacific coast

Fernando Llano And Martin Silva, The Associated Press 5 minute read Updated: Yesterday at 2:38 AM CDT

PUERTO VALLARTA, Mexico (AP) — Hurricane Simon pounded Mexico’s Pacific coast as a Category 3 storm on Sunday, its eye remaining just offshore as its most powerful winds and rain slammed people living between the Sierra Madre and the ocean.

The hurricane's center swirled parallel to the coast, closing in on the Puerto Vallarta area, where its most damaging winds and rain were expected to hit around midnight and continue through Monday morning. Its maximum sustained winds weakened late Sunday to 115 mph (185 kph), according to the U.S. National Hurricane Center in Miami, but it was still expected to remain a dangerous hurricane.

That’s not good news for people in and around Puerto Vallarta, a popular tourist destination in the state of Jalisco. Just inland and uphill from the resort areas, many Mexicans live in communities where housing might not stand up to the storm.

By late Sunday, Simon's eye was moving northwest about 45 miles (75 kilometers) south of Cabo Corrientes at about 5 mph (7 kph). A senior hurricane center specialist, Philippe Papin, said this westernmost tip of mainland Mexico is the area most likely to get a direct hit from the system. Cabo Corrientes is at the southern tip of Bahia de Banderas, the wide bay where Puerto Vallarta looks out to the Pacific.

Read
Updated: Yesterday at 2:38 AM CDT