Investing.com — President-elect Donald Trump is set to announce a major foreign investment of $20 billion aimed at building new data centers across the United States, according to a CNBC report on Tuesday.
CNBC said a source familiar with the matter told them the investment would be made by billionaire Hussain Sajwani, a close Trump associate and chairman of DAMAC Properties.
The announcement is expected to be made at Mar-a-Lago, Trump’s residence and private club in Palm Beach, Florida, on Tuesday.
Eamon Javers, CNBC’s senior Washington correspondent, tweeted about the upcoming announcement, saying, “A source familiar with the matter told me that President-elect Trump is expected to announce new foreign investment in the US economy in his remarks at Mar a Lago next hour.
“The investment will amount to 20 billion dollars to build new data centers across the country. The investor is billionaire Hussain Sajwani, president of DAMAC Properties, who has long been in business with the Trump family.”
