View of the White House
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Washington: The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States after top UAE officials met President Donald Trump this week, a White House official said on Friday.
The new framework will "substantially increase the UAE's existing investments in the US economy" in AI infrastructure, semiconductors, energy, and American manufacturing, the official told Reuters.
The official said the agreement resulted from a meeting that Trump held on Tuesday with UAE national security adviser Sheikh Tahnoon bin Zayed in the Oval Office and a dinner that Vice President JD Vance and several Cabinet members held with the UAE delegation, which included the heads of major UAE sovereign wealth funds and corporations.
Under terms of the framework, UAE investment fund ADQ, along with US partner Energy Capital Partners, announced a $25 billion US-focused initiative to invest in energy infrastructure and data centers, the official said.
XRG, the international investment arm of UAE state oil company ADNOC, also announced its commitment to support US natural gas production and exports with an investment in the NextDecade liquefied natural gas export facility in Texas, the official said.
The companies have additional plans to make substantial investments in US assets across gas, chemicals, energy infrastructure and low carbon solutions, the official said.