The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States following a meeting between top UAE officials and President Donald Trump, a White House official said on Friday.
The new framework "will significantly increase existing UAE investment in the U.S. economy" in artificial intelligence infrastructure, semiconductors, energy and US manufacturing, an official confirmed to Reuters.
He also said the agreement came out of a meeting between Trump and UAE National Security Adviser Sheikh Takhoon bin Zayed in the Oval Office on Tuesday and a dinner hosted by Vice President J.D. Vance and several members of the administration with a UAE delegation that included the heads of major state funds and UAE companies.
Under the terms of the framework, the UAE investment fund ADQ, along with its US partner Energy Capital Partners, has announced a $25 billion initiative to invest in energy infrastructure and data centres, the official said.
XRG, the international investment arm of UAE state-owned oil company ADNOC, also announced its commitment to boost U.S. natural gas production and exports by investing in the NextDecade LNG export facility in Texas, officials said.
The companies have additional plans for significant investments in U.S. gas, chemicals, energy infrastructure and low-carbon solutions assets, officials said.
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