President-elect Donald Trump is expected Tuesday to announce a $20 billion foreign investment to build new data centers in the United States, a source familiar with the matter told CNBC.
Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money, the source said.
Trump was expected to make the announcement from Mar-a-Lago, his club and residence in Palm Beach, Florida, later Tuesday morning.
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