President-elect Donald Trump announced last week that Dubai developer DAMAC Properties will invest at least $20 billion “over a very short period of time” in data centers across the U.S., including in Texas.

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.

Indeed Trump has already claimed an investment win, announcing earlier this month that UAE property firm Damac is to invest billions of dollars into developing data centers in the US. Damac says it intends to construct 2GW of data center capacity over the next four years.

Stargate — the joint venture between OpenAI, Softbank and Oracle — is starting its AI infrastructure plans with 10 data centers in Texas.

Stargate was introduced earlier this week as a data center project intended to power AI systems for OpenAI, which has distanced itself from Microsoft due to its unwillingness to provide more resources.