Dubai developer DAMAC Properties will invest at least $20 billion "over a very short period of time" in the U.S., primarily in data centers in the middle of the country, President-elect Donald Trump announced Tuesday,

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

Texas — already magnet for data center builds— stands to benefit from a proposed $20 billion investment announced by President-elect Donald Trump.

By bnm Gulf bureau Dubai property developer Damac will invest at least $20bn in US data centres, focusing on artificial intelligence and cloud computing facilities, chairman Hussain Sajwani announced during a press conference with US President-elect Donald Trump in Florida.

Sajwani said Damac had been waiting for the right moment to boost its investments in the US and the figure could be more than $20bn “if the market allows” it. Donald Trump has vowed to rename the “Gulf of Mexico” as the “Gulf of America”,