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The United Arab Emirates (UAE) has committed to investing $1.4 trillion in the United States over the next 10 years, the White House announced.
The announcement followed a meeting on March 18 between U.S. President Donald Trump and UAE National Security Adviser Tahnoun bin Zayed Al Nahyan at the Oval Office.
In a statement on Friday, the White House said the UAE would bolster its existing investments in the U.S. economy, particularly in artificial intelligence infrastructure, semiconductors, energy, and manufacturing.
According to a statement from the U.S. Embassy in the UAE, the Gulf nation plans to invest $100 billion through several Abu Dhabi-based companies to develop next-generation data centers and energy infrastructure in support of U.S. artificial intelligence initiatives.
These investments will fall under a framework known as the Artificial Intelligence Infrastructure Partnership (AIP).
The embassy also added that UAE investment fund ADQ, in collaboration with its U.S. partner Energy Capital Partners, will launch a $25 billion initiative focused on energy infrastructure and data centers.
In addition, several UAE companies have pledged to support U.S. natural gas production and exports through investments in the NextDecade liquefied natural gas (LNG) export facility in Texas.
The two countries have also agreed to establish a mining partnership to secure the supply of critical minerals.
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