"We can use initially our own financial resources, but then [in the] second phase we can use [a] third party's money," Sajwani said of the planned investment.

WASHINGTON (AP) — President-elect Donald Trump on Tuesday announced a $20 billion investment for data centers in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner of the Trump family.

Lago, President-elect Trump announced a $20 billion investment by DAMAC Properties into the United States. 'Can use all the help we can get': Fire chief describes devastating impact of California wildfires James Bond 26 Fan Art Casts Henry Cavill as 007 (With Margot Robbie as a Bond Girl) Canada Lawmaker Suggests Letting 3 US States Join,

President-elect Donald Trump has announced that Hussain Sajwani, an Emirati billionaire businessman who founded the property development giant DAMAC Properties, will invest $20 billion in new data centers across the United States.

Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.

Emirati billionaire Hussain Sajwani promised a $20 billion investment in the booming U.S. data center industry in the coming years, he and U.S. President-elect Donald Trump announced on Tuesday at Trump's home in Palm Beach,

Trump said the investor is Emirati billionaire Hussain Sajwani, chairman of DAMAC properties. U.S. President-elect Donald Trump on Tuesday announced a $20 billion new investment to build data centers across the United States.

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.

President-elect Donald Trump announced a deal with Dubai developer DAMAC Properties for an investment of at least $20 billion in the U.S. CBS News' Aaron Navarro reports.