UAE to invest $1.4 Trillion in the U.S. Over Next Decade
UAE to invest $1.4 Trillion in the U.S. Over Next Decade
UAE President Sheikh Mohamed bin Zayed revealed on Thursday an ambitious initiative to invest USD 1.4 trillion in the United States over the coming decade, emphasising what he described as a 'solid partnership' with Washington that has strengthened under President Donald Trump, according to AFP.
While addressing the media alongside Trump at the presidential palace in Abu Dhabi, Sheikh Mohamed noted that the investment would focus on key areas such as technology, artificial intelligence, and energy.
'The UAE's decision to invest USD 1.4 trillion in the US over the next ten years highlights the resilience of our strategic alliance,' said the UAE President. His statement came as President Trump concluded his four-day tour of the Gulf, during which several business and defence agreements were secured with regional partners.
Trump's Tour of West Asia Delivers Significant Outcomes
Earlier that day, Trump visited the Al Udeid Air Base in Qatar, the largest US military facility in the Middle East. Speaking to American service members, he confirmed that Qatar would allocate USD 10 billion to upgrade the base in the coming years, as reported by Reuters.
Trump also announced that Qatar had signed defence procurement agreements valued at USD 42 billion the previous day. The visit has already resulted in several major business commitments
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