With less than two weeks until the new United States president is inaugurated, things are starting to shape up for the incoming administration. According to CNBC correspondent Eamon Javers, President-elect Donald Trump is planning a $20 billion investment to build new data centers across the US.
Javers reported that Trump is expected to announce the incoming plan “in his Mar a Lago remarks next hour.” Moreover, he reports that the move will bring new foreign capital into the country, as billionaire Hussain Sajwani of DAMAC Properties has been revealed as the investor.
JUST IN: 🇺🇸 President-elect Trump to announce $20 billion investment to build new data centers in the United States. pic.twitter.com/djkFCIigVz
— Watcher.Guru (@WatcherGuru) January 7, 2025
Also Read: What Happens If Trump Creates a Strategic Bitcoin Reserve? Hyperbitcoinization Explained
Trump to Announce $20 Billion Investment to Build Data Centers Across the US
In November of last year, the United States voted for who would become the country’s commander-in-chief over the next four years. In what was a historic outcome, Donald Trump emerged victorious. Now, he is set to take on his second nonconsecutive term in the White House.
With the economy recovering nicely and the stock market thriving, there are big things expected early in the incoming administration. Yet many of those plans are already in motion. Indeed, Trump is reportedly set to announce a new $20 billion investment to build data centers in the United States. According to one CNBC correspondent, the plan will be unveiled Tuesday.
Also Read: BRICS Nation Announces Intent to Embrace Trump, US Amid Tariff
“A source familiar tells me President-elect Trump is expected to announce new foreign investment into the US economy,” Eamon Javers said in a post to X (formerly Twitter). “The investment will be $20b to build new data centers across the country.” Additionally, he stated long-time Trump family business partner, Hussian Sajwani, was responsible for the investment.
The move could be massive for the country, especially as the AI and cloud-based computing industries have dominated demand. With the technology still developing, it would be a massive step forward for the United States’ position. Moreover, it will drive increased investment and capital into the country. Specifically, fueling those tech sectors.
