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The United Arab Emirates (UAE) has agreed to a 10-year, $1.4 trillion investment framework, the White House announced Friday, saying it will “slightly increase the UAE’s existing investment in the US economy.” The White House said the investment lies in AI infrastructure, semiconductors, energy and American manufacturing.
The White House said in a press release that the UAE agreed to the framework after President Donald Trump hosted UAE national security adviser HH Sheikh Tanoon bin Zayed Al Nahyan for a meeting in the oval office.
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Sheikh thanked Trump for “warm welcome and hospitality” in X’s post. He said their discussion focused on the future of relations with the United States.
“The UAE remains committed to strengthening its economic ties with the United States by accelerating investments in artificial intelligence, advanced technology, infrastructure, energy and healthcare.
According to the White House, investments in the framework include global infrastructure partners working with Abu Dhabi-based MGX, BlackRock, Microsoft, and NVIDIA and XAI to support “US AI Leadership.” The group mobilizes up to $100 billion to support build-outs. Additionally, Emirates Global Aluminum is planning to invest in America’s first new aluminum smelter in 35 years.
US President Donald Trump is sitting in an oval office in the White House in Washington, DC on March 7, 2025 (Reuters/Lea Miliss)
“These important investments highlight the close ties between the United States and the United Arab Emirates and the strong ties between President Trump and President Sheikh Mohammed,” the White House wrote.
While in DC, Sheikh Tanoon met several members of the Trump administration, including Treasury Secretary Scott Bescent, Commerce Chief Howard Lutnik, Director of John Ratcliffe and National Security Advisor Mike Waltz.
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Trump also said, “The United Arab Emirates and the United States have long been partners in their work to bring peace and security to the Middle East and the world. The discussion also includes ways in which our nation can increase partnerships for the future advancement of economic and technological.”
Rachel Wolf is a news writer for Fox News Digital and Fox Business.
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