President-elect Donald Trump held a lengthy press conference from Mar-a-Lago Tuesday and discussed a wide range of topics—including his desire to change the name of a large body of water. There is no one like Trump:
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Trump: Let’s Rename the Gulf of Mexico
He also announced a $20 billion investment by DAMAC Properties aimed at developing AI and cloud-based technologies. DAMAC is a property development company based in Dubai, United Arab Emirates.
Trump says the $20 billion will come over a “short period of time” from DAMAC Properties. Trump and the company’s owner, Hussain Sajwani, detailed that the investment will center around Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana.
🚨 BREAKING: Trump announces $20 billion investment into the U.S. for the construction of “massive new data centers” across the Midwest and Sunbelt.
He says they may DOUBLE that investment as well.
“He was very inspired by the election.”
Hussain Sajwani is the CEO of DAMAC and… pic.twitter.com/5AZOQwVziT
— Eric Daugherty (@EricLDaugh) January 7, 2025
Hussain Sajwani is the CEO of DAMAC and is leading the investment.
Related: Trump Vows to ‘Immediately’ Overturn Biden Drilling Ban – but It May Not Be That Easy
“It’s been amazing news for me and my family when he was elected…We have been waiting four years to increase our investments in the U.S.” Hussain Sajwani, CEO of DAMAC Properties
AMERICA IS BACK! pic.twitter.com/OaURgD3kqd
— Margo Martin (@margomartin) January 7, 2025
The President-elect (it will be nice to stop typing “elect” soon) also criticized the regulatory process in the U.S. and said it impeded innovation.
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Trump also said his administration would adopt a policy of expediting approvals for any company seeking to invest $1 billion or more in the U.S. He said that many international companies view U.S. regulations as a “quagmire.”
“If you invest a billion dollars or more, we’re going to move them quickly through the environmental process,” Trump said, going on to reference other regulations as well.
BREAKING: President Trump just announced that companies that invest at least $1 billion in the United States will get expedited environmental approvals for their projects
“If you invest over a billion dollars in the United States, we’re going to give expedited reviews to… pic.twitter.com/5hXRch8ydr
— George (@BehizyTweets) January 7, 2025
“If you invest over a billion dollars in the United States, we’re going to give expedited reviews to everybody…” This is another game changer.
The press conference came a day after his election win was certified in Congress, a process overseen by Vice President Kamala Harris, who he defeated at the ballot box.
RedState will provide you with further coverage of today’s remarks.
