The UAE has pledged a major $1.4 trillion investment in the United States over the next decade, greatly increasing bilateral economic ties. The agreement comes after a high-profile meeting between top UAE officials and former US President Donald Trump earlier this week. On Friday, a White House official confirmed the deal, emphasising the focus on artificial intelligence, semiconductors, energy, and manufacturing.
According to the official, the framework aims to increase the UAE’s current investments in crucial sectors of the US economy. Trump and UAE National Security Adviser Sheikh Tahnoon bin Zayed discussed the accord in the Oval Office. Additional discussions took place over dinner, attended by Vice President JD Vance, Cabinet officials, and UAE business leaders, including the heads of significant sovereign wealth institutions and enterprises. As part of the strategy, UAE investment fund ADQ, in collaboration with US-based Energy Capital Partners, has announced a $25 billion investment drive in energy infrastructure and data centres. Meanwhile, XRG, the global investment arm of UAE oil major ADNOC, plans to invest in NextDecade’s LNG export terminal in Texas, boosting US natural gas output and exports.
