After meetings of top Emirates officials with President Donald Trump
The United Arab Emirates has pledged a 10 -year investment framework of $ 1.4 trillion in the United States, following meetings of top Emirates officials with President Donald Trump this week, White House said on Friday.
This framework will “significantly increase the existing investments of the Emirates in the US economy”, mainly in the areas of artificial intelligence, semiconductor, energy and industry, according to a White House announcement.
However, the announcement does not specify how the Emirates investments will reach $ 1.4 trillion, as some agreements presented as part of the framework had already been announced before.
The only Cannon Agreement seems to be the Emirates Global Aluminum investment for the construction of the first new US aluminum production plant over the last 35 years, an investment that, according to the White House, “will almost double the domestic aluminum production in the United States”.
“The development of a primary US aluminum production unit has been an EGA’s ambition for several years,” a company spokesman said.
The UAE, a producer of oil and long -term partner of the United States, seek to deepen investment links with Washington and emerge as a global leader in artificial intelligence, an area in which they invest in differentiate their economy beyond energy.
In September, UAE president, Sheikh Mohammed bin Zaged al -Nahian, had met former US President Joe Biden during the first visit of the Emirates president to the White House, where the deepening of cooperation was discussed.
Gulf state investment funds, including Abu Dhabi’s Mubadala (worth $ 330 billion), are already major investors in the US, while Trump and his family maintain business ties with the region.
In January, Trump asked Saudi Arabia to invest more than $ 1 trillion in the US economy over a four -year period, including military equipment markets. This month, he said that his first official visit abroad will probably be to Saudi Arabia to complete an investment agreement.
The agreement, which could be signed in the coming months, comes at a time when Saudi Arabia, the largest economy of the Arab world, plays an increasingly central role in American foreign policy. Next week, the country will host diplomatic talks on Ukraine, which will be attended by the United States and Russia.
The White House announced on Friday that the Emirates investment agreement emerged after a meeting of Trump on Tuesday with UAE National Security Advisor, Sheikh Tachon Bin Zagen Al Nahian at the Oval Office, as well as a dinner of Vice -President JD Vance and the Vice -President Emirates companies.
Among the partnerships announced on Friday was a collaboration between the UAE ADQ State Fund and the US company Energy Capital Partners, for a $ 25 billion initiative aimed at investment in energy infrastructure and data centers in the United States. This collaboration had been announced two days earlier.
In addition, XRG, the international investment arm of the state -owned UAE Adnoc, has pledged to support the production and exports of gas to the US by investing in the exporting plant of liquefied natural gas (LNG) Nextdecade in Texas. This commitment had already been announced last year under Biden presidency.
Source: KYPE