President Donald Trump has secured a commitment from the United Arab Emirates (UAE) to invest $1.4 trillion in the United States over the next decade, the White House announced Friday.
The agreement comes after UAE officials met with Trump this week at the White House.
The 10-year framework is aimed at boosting its existing investments in the U.S. economy, including artificial intelligence infrastructure, semiconductors, energy, and manufacturing.
The White House specified five additional investments from its close ally.
U.S. companies Nvidia and xAI will partner up with Abu Dhabi-based MGX, BlackRock, Microsoft, and Global Infrastructure Partners. The partnership “will seek to mobilize up to $100 billion in total investment to enable next-generation data center and energy infrastructure build out in support of US AI leadership,” the White House said....
