Trump announces $20 billion in foreign investment - Goal: Building new data centers in the US
President-elect Donald Trump on Tuesday announced a $20 billion foreign investment to build new data centers across the United States.
Emirati billionaire Hussain Sajwani, a Trump associate and founder of property development company DAMAC Properties, is pledging "at least" that amount, the president-elect said at his Florida home, Mar-a-Lago.
"They could go double, or even somewhat more than double, that amount of money," Trump said of Sajwani's company.
The "first phase" of the plan will take place in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana, Trump said.
Sajwani suggested the Republican's election prompted him to commit to the investment.
“It was amazing news for me and my family when [Trump] was elected in November. We have waited four years to increase our investment in [the US] to very large sums of money," the Dubai developer said in a brief comment at Mar-a-Lago.
Sajwani's pledge is the latest example of a foreign business leader pledging to spend big in the US as a result of Trump's election victory over Democratic Vice President Kamala Harris.
In December, Softbank CEO Masayoshi Son announced plans to invest $100 billion in the US and create 100,000 jobs during Trump's four-year term.
Trump, who takes office on Jan. 20, has sought to attract more foreign entities to do business in the U.S. by offering benefits, such as expedited permits, to those who invest $1 billion or more.
Poll
Dollar and Pound recover while Franc and Euro stable!
The American dollar has recovered points this morning from yesterday as it was bought today at 94.2 Lek and was sold at 95.5 Lek according to the local......
France aims to save 50 billion euros in 2025 - Government reduces target to secure parliamentary support
France's new government aims to achieve around 50 billion euros in savings from the 2025 budget, Finance Minister Eric Lombard said, setting a lower target......
Global Crude Oil Exports Fall as Trade Routes Realign Again!
The volume of global crude oil exports in 2024 fell 2%, the first drop since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as......
How the distribution of energy prices in Europe is hitting the southeastern economies and the Balkans!
Since the war in Ukraine cut off Russian gas supplies to Europe it has also forced countries like Greece to look for more expensive alternatives. But......
Nvidia unveils robot training technology - New chips will use artificial intelligence for game graphics
Artificial intelligence to better train robots, cars and gaming chips dominated Nvidia CEO Jensen Huang's keynote as the world's second most valuable firm......
Visitors, fee to enter Britain - Nationals traveling without a visa must apply for authorization
If you're traveling to the UK, starting this week you'll need to apply online for a travel authorization before you leave. Starting Wednesday, the United......
Summer tightening, Croatia leads - Prices in Zagreb rose by 52%, 7 times the European average
Croatia ranks first in Europe for the increase in wine prices. Over the past four years, prices have increased by 52%, according to data from Eurostat, and......
Financing up to 2.5 million ALL for enterprises - Support for 101 businesses, what are the schemes for the allocation of funds?
The Albanian Investment Development Agency, for the year 2024, supported 101 local businesses in various sectors, thus promoting exports, innovation and......
