WATCH: Trump announces U.S. is getting a new $20 billion investment from data company

 January 7, 2025

This story was originally published by the WND News Center.

America is getting a new $20 billion investment in a data company that plans operations in multiple states, President-elect Donald Trump announced on Tuesday.

Fox News reported Trump confirmed the $20 billion will come over a "short period of time" from DAMAC Properties, whose chief, Hussain Sajwani, confirmed plans for Arizona, Texas, Oklahoma, Ohio, Louisiana, Illinois, Indiana and Michigan.

The centers are needed to help the development of AI and cloud-based tech, he said.

Trump, who is to be inaugurated Jan. 20, said his administration would have a practice of expediting approvals for companies seeking to invest $1 billion or more in the U.S.

He cited the "quagmire" of regulations that now exist.

Under Joe Biden's presidency, Americans have suffered inflation of more than 20%, have seen millions of illegal aliens flood the southern border and end up competing with Americans for jobs, and more.

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