UAE Commits to $1.4 Trillion Investment in US Economy

The agreement was announced after UAE officials met with Trump this week at the White House.

President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan attending a meeting with Russia's President in Abu Dhabi on Dec. 6, 2023. Alexey Nikolsky/AFP via Getty Images

President Donald Trump has secured a commitment from the United Arab Emirates (UAE) to invest $1.4 trillion in the United States over the next decade, the White House announced Friday.

The agreement comes after UAE officials met with Trump this week at the White House.

The 10-year framework is aimed at boosting its existing investments in the U.S. economy, including artificial intelligence infrastructure, semiconductors, energy, and manufacturing.

The White House specified five additional investments from its close ally.

U.S. companies Nvidia and xAI will partner up with Abu Dhabi-based MGX, BlackRock, Microsoft, and Global Infrastructure Partners. The partnership “will seek to mobilize up to $100 billion in total investment to enable next-generation data center and energy infrastructure build out in support of US AI leadership,” the White House said.

UAE investment fund ADQ and Energy Capital Partners will also partner up for a $25 billion investment in energy infrastructure and data centers in the United States.

Additionally, XRG pledged to support U.S. natural gas production and exports with an investment in the Texas-based Next Decade LNG export facility.

ADQ and Orion Resource Partners have agreed to a $1.2 billion mining partnership to secure supplies of critical minerals.

Emirates Global Aluminum pledged to invest in the first new aluminum smelter in the United States in 35 years, a move that the White House says would nearly double the country’s domestic aluminum production.

The major investment was secured after Trump met with UAE National Security Advisor Sheikh Tahnoun bin Zayed Al Nahyan at the White House on Tuesday. The UAE delegation included leaders of several major national sovereign wealth funds and companies.

Zayed Al Nahyan also met with his U.S. counterpart, U.S. National Security Advisor Michael Waltz to discuss the ongoing partnership between the two nations.

“We also discussed the ongoing efforts to strengthen the foundations of security and both regional and global stability,” Zayed Al Nahyan said in a statement. “The UAE and the U.S. are working together to address current challenges and unlock opportunities for further development and prosperity.”

Responding to his statement, Waltz said the UAE is a “strong and critical partner“ of the United States.

Trump has often touted foreign investments as a way to help revitalize certain sectors, boost the economy, and create more good-paying jobs.

In February, the president signed a National Security Presidential Memorandum (NSPM) aimed at “making America the greatest destination for investment.”

The memorandum stated that the United States would fast-track the process to facilitate greater investment from allies with conditions that prevent investors from partnering with foreign adversaries in the same sectors.

From NTD News