by William Upton, The National Pulse:
A $1.4 trillion investment framework in the United States has been agreed with the United Arab Emirates (UAE) after top leaders from the Gulf state met with President Donald J. Trump at the White House earlier this week. According to the White House, the agreement will see a significant increase in existing UAE investments in the American economy—with a focus on artificial intelligence (AI), semiconductors, and energy technologies.
“The evening demonstrated the long-standing ties and bonds of friendship between our countries. UAE and the U.S. have long been partners in the work to bring peace and security to the Middle East and the World,” President Trump said after his Tuesday meeting with UAE National Security Advisor H.H. Sheikh Tahnoon bin Zayed Al Nahyan. He added: “Discussions also included ways for our countries to increase our partnership for the advancing of our economic and technological futures.”
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The leadership of several UAE sovereign wealth funds and corporations joined President Trump and Sheikh Tahnoon bin Zayed.
The framework commits the UAE to several significant American technology investments, including a $25 billion joint venture between the UAE investment fund ADQ and U.S. partner Energy Capital Partners to expand U.S. energy infrastructure and data centers. Additionally, XRG—an energy investment firm owned by the state-owned Abu Dhabi National Oil Co. (ADNOC)—has committed “to support U.S. natural gas production and exports with an investment in the Next Decade LNG export facility in Texas.” Meanwhile, Abu Dhabi Developmental Holding Company (ADQ) will form a $1.2 billion mining partnership with Orion Resource Partners aimed at extracting critical minerals.
Other investments include the construction of an aluminum smelter and an AI Infrastructure Partnership, which aims to mobilize $100 billion in investments to build next-generation data centers.
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