The United Arab Emirates (UAE) has pledged around $1.4 trillion in investments in US businesses over the next 10 years, according to the White House. The spending will send new money into “AI infrastructure, semiconductors, energy, and American manufacturing.”
Announced on Friday – soon after the Emirati National Security Adviser Sheikh Tahnoon bin Zayed visited Washington to meet with high-level US officials – the massive project will “substantially increase the UAE’s existing investments” in the United States, the White House said.
The spending includes a $25 billion deal between UAE investment fund ADQ and its US partner, Energy Capital Partners, which will put money into energy and data infrastructure.
Another UAE state-owned energy firm, XRG, also said it would invest in US natural gas production and exports, and announced “additional plans to make substantial investments in US assets across gas, chemicals, energy infrastructure and low carbon solutions.”
“These significant investments underscore the close ties between the United States and the United Arab Emirates,” the White House continued in its statement.
Some of the deals that make up the $1.4 trillion project were not disclosed by the Donald Trump administration.
Earlier this year, Emirati businessman Hussain Sajwani vowed to invest $20 billion into the US economy “over a very short period of time,” saying he would build new data centers across the Midwest and Sunbelt, including in Arizona, Illinois, Indiana, Louisiana, Michigan, Ohio and Texas.
Trump said the latest talks with Abu Dhabi underscored efforts to advance “economic and technological futures” between our two countries, while Sheikh bin Zayed “praised President Donald Trump’s leadership and economic policies, noting their significant role in stimulating foreign direct investment and fostering robust economic partnerships.”
Will Porter is assistant news editor and book editor at the Libertarian Institute, and a regular contributor at Antiwar.com. Find more of his work at Consortium News and ZeroHedge.
