President-elect Donald Trump on Tuesday announced that a company from the UAE will invest $20 billion to build data centers in the U.S., primarily in the Midwest and Sun Belt.

President-election Donald Trump said billionaire DAMAC Properties’ Hussain Sajwani was “inspired” to make the investment by the results of the U.S. presidential election. The first phase of the project will take place in Texas,

The rise of AI and cryptocurrency have revved up demand for data centers. Texas stands to be a hub for such facilities.