$20 billion and perhaps more… Trump announces a huge Emirati investment in a new project

The investor is one of his partners, and the founder and chairman of Damac Properties, Hussein Sajwani.

The two appeared at a press conference at Trump’s home in Mar-a-Lago, Florida, where Trump announced that Sajwani had pledged “at least” this amount, and that his company “may double this amount or even increase it somewhat.”

The “first phase” of investments will go to Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana, according to Trump.

As for Sajwani, he did not hide his happiness during the conference about his partner’s return to the White House.

“It was amazing news for me and my family when (Trump) was elected in November,” he said. “We have waited four years to significantly increase our investments in the United States.” (free)