Significant Foreign Investment Announcement

Investing.com — President-elect Donald Trump is set to announce a significant $20 billion foreign investment aimed at building new data centers across the United States, according to a report by CNBC on Tuesday.

CNBC reported that a source familiar with the investment stated that it will be made by billionaire Hussain Sajwani, a close Trump associate and the chairman of DAMAC Properties.

The announcement is expected to take place from 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, stating, “A source familiar tells me President-elect Trump is expected to announce new foreign investment into the U.S. economy in his Mar-a-Lago remarks next hour.”

He also noted, “The investment will be $20 billion to build new data centers across the country. The investor is billionaire Hussain Sajwani, chairman of DAMAC Properties, who has long done business with the Trump family.”