President-elect Donald Trump held a lengthy press conference from Mar-a-Lago Tuesday and discussed a wide range of topics—including his desire to change the name of a large body of water. There is no one like Trump:

Trump: Let's Rename the Gulf of Mexico

He also announced a $20 billion investment by DAMAC Properties aimed at developing AI and cloud-based technologies. DAMAC is a property development company based in Dubai, United Arab Emirates.

Trump says the $20 billion will come over a "short period of time" from DAMAC Properties. Trump and the company's owner, Hussain Sajwani, detailed that the investment will center around Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana.

Hussain Sajwani is the CEO of DAMAC and is leading the investment.

Related: Trump Vows to 'Immediately' Overturn Biden Drilling Ban - but It May Not Be That Easy

The President-elect (it will be nice to stop typing "elect" soon) also criticized the regulatory process in the U.S. and said it impeded innovation.

Trump also said his administration would adopt a policy of expediting approvals for any company seeking to invest $1 billion or more in the U.S. He said that many international companies view U.S. regulations as a "quagmire."

"If you invest a billion dollars or more, we're going to move them quickly through the environmental process," Trump said, going on to reference other regulations as well.

"If you invest over a billion dollars in the United States, we're going to give expedited reviews to everybody..." This is another game changer.

The press conference came a day after his election win was certified in Congress, a process overseen by Vice President Kamala Harris, who he defeated at the ballot box. 

RedState will provide you with further coverage of today's remarks.