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Home » Transcript of Trump’s Pre-inauguration Press Conference at Mar-a-Lago

Transcript of Trump’s Pre-inauguration Press Conference at Mar-a-Lago

Read the full transcript of President-elect Donald Trump’s press conference from Mar-a-Lago Tuesday morning, January 7, 2025.

Listen to the audio version here:

TRANSCRIPT:

Announcement of Major Investment in US

DONALD TRUMP: Thank you very much. It’s an honor to be with you. Many things are happening that are exciting, very exciting for our country. And we’re honored to welcome one of the most respected business leaders in the Middle East, indeed the world.

He’s a founder and chairman of DAMAC Properties, Hussain Sajwani, a very respected gentleman. And I’m thrilled to announce today that DAMAC will be investing at least $20 billion over a very short period of time into the United States, and they may go double or even somewhat more than double that amount of money. This is a great thing. And I believe he will say that he’s doing it because of the fact that he was very inspired by the election.

They wouldn’t do it without that election, I can tell you. A lot of people wouldn’t. We saw last week where we have somebody who’s going to go from $100 to $200 billion. And we have many other people, and we’ll be bringing some of them out.

Some of them like to do it somewhat more quietly, and some don’t, and they feel so strongly about the country that they want to let people know about it. But it’s an honor to have such a great investor investing in our country. The investment will support massive new data centers across the Midwest. The Sun Belt area, and also to keep America on the cutting edge of technology and artificial intelligence.

He’s very big into the data centers. And that’s going to be a very hot item in the coming years, as you know, with AI. In particular, the first phase of the project will be in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana, those places. And Hussain, I’d love you to come up and say a few words. Thank you very much.

HUSSAIN SAJWANI: Thank you. Thank you, Mr. President. It’s been amazing news for me and my family when he was elected in November. We’ve been waiting four years to increase our investments in U.S. to a very large amount of money.

We are a company operating in more than 20 countries around the world. We have delivered more than 45,000 luxury units and another 45,000 in the pipeline. In data center, we are in 10 countries around the world, in Asia, Europe, and Middle East.

And we’re very, very excited now with his leadership and his open strategy and policy to encourage businesses to come to U.S. For the last four years, we’ve been waiting for this moment. And we’re planning to invest $20 billion and even more than that if the opportunity in the market allow us.

But at the moment, we’re planning $20 billion in data center, catering for the AI, and cloud business for the hyperscalers. Thank you, Mr. President.

DONALD TRUMP: Fantastic. It’s a great honor. Thank you. Thank you very much. So nice. And that man knows what he’s doing. He knows.

So Hussain, we’re going to work with you and make sure everything goes smoothly. We have powers that haven’t really been used in terms of environmental. If you invest over a billion dollars in the United States, we’re going to give expedited reviews to everybody because everyone’s afraid they’re going to come in and get caught in the quagmire, which is very prevalent in the United States, unfortunately, the quagmire of environmental and various other regulations and rules.

And I made it a point of telling people if you invest a billion dollars or more and we’ll do this for people with far less, too, but we guarantee it. We’re going to move them quickly through the environmental process. Sometimes people held up 12, 13, 14, 15 years.

I saw it with plants in Louisiana where I got it approved in literally a week. They were through the review and one week after spending 14 and a half years trying to get it and they were going nowhere was a terrible thing. So I’ve been a victim of that myself over the years. And I think I know all the games and all the tricks that are played.

And much of it is just done to stop progress. So we’re going to be helping you and everybody else that comes to the United States and wants to invest their money that you don’t get tied up for the rest of your life and you can’t do anything. This commitment further underscores that many of the greatest business leaders on Earth are seeing a very bright economic future for America. Since the election, as you know, very a lot of positive things have happened.

Challenges Inheriting from Biden Administration

DONALD TRUMP: We are inheriting a difficult situation from the outgoing administration, and they’re trying everything they can to make it more difficult. Inflation is continuing to rage and interest rates are far too high. And I’ve been disappointed to see the Biden administration’s attempt to block the reforms of the American people and that they voted for. They just we had a landslide election. We won every swing state. We won the popular vote by millions and millions of people. Nobody even knows how many people, millions and they’re still counting in some areas. You know, there’s still counting the vote in some areas.

Can you believe this? What a — what a horrible place. One of the things we’re going to do is we’ve got to fix the election so that we get honest counts and they get done by 10 o’clock in the evening or something. Thereabouts, they have places where they’re still counting votes.

President Biden’s actions yesterday on offshore drilling, banning offshore drilling will not stand. I will reverse it immediately. It’ll be done immediately. And we will drill baby drill. We’re going to be drilling in a lot of other locations and the energy costs are going to come way down.