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2025-03-23 Economy
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White House thanks UAE for agreeing to 10-year, $1.4 trillion investment framework
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[FoxNews] 'The UAE remains committed to strengthening its economic ties with the U.S.,' HH Sheikh Tahnoon bin Zayed Al Nahyan wrote on X
The United Arab Emirates (UAE) has agreed to a 10-year, $1.4 trillion investment framework, the White House announced on Friday, saying it will "substantially increase the UAE’s existing investments in the U.S. economy." The White House said the investments would be in AI infrastructure, semiconductors, energy, American manufacturing and more.
The White House said in a press release that the UAE agreed to the framework after President Donald Trump hosted the UAE National Security Advisor, HH Sheikh Tahnoon bin Zayed Al Nahyan, for a meeting in the Oval Office.
The sheikh thanked Trump for "the warm welcome and hospitality" in a post on X. He said their discussions focused on the future of U.S.-UAE relations.
"The UAE remains committed to strengthening its economic ties with the U.S. by accelerating investments in artificial intelligence, advanced technology, infrastructure, energy, and healthcare – key pillars for sustainable growth and development," Sheikh Tahnoon added.
According to the White House, investments in the framework include Abu Dhabi-based MGX, BlackRock, Microsoft and Global Infrastructure Partners working with NVIDIA and xAI to support "U.S. AI leadership." The group will mobilize up to $100 billion to support the build-out. Additionally, Emirates Global Aluminum is expected to invest in America’s first new aluminum smelter in 35 years. 
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Posted by Skidmark 2025-03-23 00:00||
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