President-elect Donald Trump announced on Tuesday that an Emirati company, led by billionaire Hussain Sajwani, will invest $20 billion in data centers across the United States. This investment from DAMAC Properties serves to underscore Trump’s capability to attract significant funding for large-scale projects. The announcement came shortly after a commitment from Japanese billionaire Masayoshi Son, who pledged to invest $100 billion in the U.S. while attending an event with Trump last month.

During a press conference, Trump expressed his belief that Sajwani was motivated to make this commitment due to the inspiration he felt from the election, noting that it likely wouldn’t have happened without it. Trump also highlighted his intentions to expedite investments of $1 billion or more through the environmental regulatory review process.

Sajwani briefly joined Trump at the news conference and shared his excitement, stating, “It’s been amazing news for me and my family when he was elected in November.” The announced investment aligns with a broader trend of growth in constructing data centers, which are crucial for artificial intelligence development, cryptocurrency advancement, and the digital economy that increasingly requires robust computer processing capabilities.

While Trump is presenting these investment commitments as indicative of a revitalized U.S. economy, the $20 billion infusion also suggests that affluent investors connected to him are poised to benefit from this collaboration, particularly given the notable investments already flowing into new data centers.

Last month, Blackstone, a financial services company, projected that the U.S. is expected to attract $1 trillion for data centers over the next five years, along with another $1 trillion in international investments. Sajwani’s commitment could represent approximately 2% of the anticipated domestic investment within this sector.

For DAMAC Properties, securing data centers in the U.S. is a new venture, as its existing EDGNEX portfolio does not currently include such facilities. The company already has plans for data centers across several countries, including the UAE, Saudi Arabia, Turkey, Spain, Thailand, and Indonesia.

DAMAC is recognized as one of the leading private real estate developers in the UAE. The partnership between Sajwani and Trump has previously led to developments such as the Trump International Golf Club, constructed in the outskirts of Dubai just before Trump took office. DAMAC has also paid substantial licensing fees to the Trump Organization, a standard practice for Trump’s business dealings domestically and internationally.

While there were intentions to develop another project featuring a Trump-branded golf course, those plans have since been abandoned. Moreover, discussions about a seemingly promising $2 billion partnership between DAMAC and the Trump Organization following Trump’s 2016 election win never materialized.

Sajwani has credited Trump’s initial victory for elevating his company’s visibility. Since Trump’s re-election in November, Sajwani has frequently visited Trump’s Mar-a-Lago estate in Florida, even sharing a photo from a New Year’s celebration alongside Trump and Elon Musk.

The Trump Organization’s recent affiliations include ties with Dar Global, a Saudi-backed real estate firm currently developing a Trump golf course in Oman, as well as projects in Saudi Arabia. There are also ongoing plans for a Trump Tower in Dubai, although prior efforts to establish a Trump Tower on the Palm Jumeirah were thwarted during the financial crisis that began in 2008.