BREAKING: Trump announces $20 BILLION investment from DAMAC for US data centers

Trump said the company "may go double or even somewhat more than double that" multi-billion-dollar figure. The "massive" data centers would be located across the Midwest and Sun Belt, and would help "keep America on the cutting edge of technology and artificial intelligence." The first phase would be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.

Sajwani spoke at the press conference, telling reporters, "For the last four years we've been waiting for this moment, and we're planning to invest $20 billion, and even more than that if the opportunity and the market allow us."

In December, Trump announced that the Japanese company Softbank would be investing $100 billion into the US, which is projected to create 100,000 jobs. Masayoshi Son said that since Trump's election win, his “confidence level” in the United States economy has “tremendously increased,” leading him to make the investment decision.

The investments come after Trump declared that any business that invests $1 billion or more "will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals."