Trump announces Dubai company will invest at least $20 billion in U.S. data centers

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, as the company's billionaire founder and CEO, Hussain Sajwani, stood nearby.

Speaking to reporters at Trump's Florida Mar-a-Lago estate, Trump and Sajwani said Trump's victory in November influenced the company's decision to make the investment. 

"He's doing it because of the fact that he was very inspired by the election," Trump said.