11:51 AM EST, 01/07/2025 (MT Newswires) -- President-elect Donald Trump has outlined a $20 billion foreign investment to build new data centers in the US, CNBC reported Tuesday.

DAMAC Properties founder Hussain Sajwani is pledging "at least" that amount, Trump reportedly said. Sajwani is a Trump associate, according to the report.

"They may go double, or even somewhat more than double, that amount of money," CNBC reported, citing Trump.

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