The United Arab Emirates-based billionaire Hussain Sajwani will invest $20 billion toward building data centers in the U.S., President-elect Donald Trump announced Tuesday, disclosing a massive investment in a burgeoning American industry and deepening his yearslong ties with Sajwani.

"He was very inspired by the election and wouldn't do it without the election," Trump said.

Hussain Sajwani and Donald Trump have a long-standing business relationship. In 2013, they partnered to create the first Trump-branded golf course in the Middle East

Sajwani snapped a picture with Trump and Tesla boss Elon Musk at a Mar-a-Lago New Year's celebration last week.

Hussain Sajwani, the founder and chairman of DAMAC Properties of Dubai, built the first Trump-branded golf course in the Middle East a decade ago.

Emirati billionaire Hussain Sajwani pledged $20 billion for U.S. data center investments during an announcement at Mar-a-Lago. This aligns with President-elect Donald Trump's economic agenda to boost domestic industries and curb China's access to advanced technology.

Dubai real estate developer Damac Properties will invest $20 billion in data centres across the United States, President-elect Donald Trump announced on Tuesday.

President-elect Donald Trump on Tuesday announced a $20 billion investment in US-based data centers by Hussain Sajwani, the billionaire founder of DAMAC Properties and a close business associate of the Trump family.

Hussain Sajwani, CEO of DAMAC Properties, confirmed a significant $20 billion investment in the U.S. during a recent Mar-a-Lago event with President-elect Donald Trump. This move underscores the continued business ties between Trump and Sajwani,

U.S. President-elect Donald Trump on Tuesday announced a $20 billion new investment to build data centers across the United States. At a news conference at his home in Palm Beach, Florida, Trump said the investor is Emirati billionaire Hussain Sajwani, chairman of DAMAC properties.

Hussain Sajwani, a longtime Trump ally, announced a multibillion-dollar investment amid growing U.S. demand for AI and crypto infrastructure.

Speaking to the press from Mar-a-Lago in Florida, Trump named Oklahoma among seven other states that will benefit from a $20 billion foreign investment meant to boost artificial intelligence and cloud technology. He promised to nix troublesome environmental policy.