UAE commits to 10-yr investment framework valued at $1.4tr in US
A White House official has revealed that the United Arab Emirates (UAE) has committed to a 10-year investment framework valued at $1.4 trillion in the United States of America.
According to the official, this framework increases the UAE’s existing investments in the U.S. economy “in AI infrastructure, semiconductors, energy, and American manufacturing.”
The official further disclosed that the agreement with the UAE is a result of U.S. President Donald Trump’s meeting with the 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.
CNBC, a U.S.-based news publication, reported that the UAE investment fund ADQ and the U.S. partner Energy Capital Partners have announced a $25 billion U.S.-focused initiative to invest in energy infrastructure and data centres.
Similarly, XRG, the international investment arm of UAE state oil company ADNOC, also announced its commitment to support U.S. natural gas production and exports with an investment in the NextDecade liquefied natural gas export facility in Texas.
