The United Arab Emirates undertakes at 1.4 trillion dollars US investment, says the White House, says the White House

By Steve Holland and Federico Maccioni

Washington/Dubai (Reuters) -The United Arab Emirates committed themselves to a 10 -year investment framework of 1.4 trillion US dollars in the United States after the UK officers from the United Arab Emirates met President Donald Trump this week, the White House announced on Friday.

The framework will “increase the existing investments of the VAE in the US economy” in the AI ​​infrastructure, the semiconductor, energy and manufacturing, the White House announced in a explanation.

The White House did not explain how the VAE investments would achieve 1.4 trillion dollars, with some of the shops being presented as part of the frame that has already been announced.

The only complete New Deal seemed to be an investment by Emirates Global Aluminum in the first new aluminum melt in the United States for 35 years, said the White House and added that the system would “almost double US aluminum production”.

“The development of a primary aluminum melt in the United States has been part of the EGA ambitions for several years,” said a spokesman for the company in a statement.

The VAE, an oil producer and long -standing security partner of the United States, want to deepen the investment relationships with Washington and develops as a leading world’s leading provider in AI, one of the sectors on which it can bet on energy away from the energy supply system.

In September, VAE President Sheikh Mohamed Bin Zayed Al Nahyan met the former US President Joe Biden when the United Arab Emirates president first visited the White House when the two guides discussed the deepening of cooperation in areas such as AI, investments and space research.

Gulf soverägn Wealth Funds, including Abu Dhabis $ 330 billion Mubadala, are already large US investors, and Trump and his family have business relationships with the region.

Oval Office Meeting

Trump asked Saudi Arabia in January, over four years, including the purchases of military equipment, to spend more than 1 trillion US dollar in the US economy, and said he would go on his first trip abroad to Golfland to seal an investment contract.

The deal, which could happen between this or the next month, would come at a time when Saudi Arabia, the largest economy in the Arab world, took on a more important role in US foreign policy. Golfand will organize diplomatic talks in Ukraine and Russia next week.

The White House said on Friday that the agreement on the VAE from a meeting that Trump held on Tuesday with the national security consultant Sheikh Tahnoon bin Zayed Al Nahyan in the Oval Office, and a dinner that left Vice President JD Vance and several cabinet members with the VAE delegation in the VAE, which were the heads of the large VAE sovereign -Fonds companies and companies contained.

The connections highlighted on Friday included a partnership between the VAE SOAUMENT WEALTH Fund ADQ, which Sheikh Tahnoon is headed, and the US private equity company Energy Capital Partners for an initiative of $ 25 billion for investment in energy frastructure and data centers. That had previously been announced two days ago.

A commitment of XRG, the international investment arm of the US oil company ADNOC, was introduced in November to support US natural gas production and exports with an investment in the NextDecade -Lyalgas export investment in Texas last year last year.

(Reporting by Steve Holland in Washington and Federico Maccioni in Dubai; Editor of Nia Williams and Alison Williams)