The United Arab Emirates has pledged a $1.4 trillion investment framework across 10 years in the U.S. after top UAE officials met President Donald Trump this week.
The framework will “substantially increase the UAE’s existing investments in the U.S. economy” in semiconductors, AI infrastructure, energy and U.S. manufacturing, Reuters reported citing a White House official.
A source familiar with the matter confirmed to Seeking Alpha that the UAE has committed to the $1.4T investment framework.
Under the agreement, UAE investment fund ADQ, and U.S. partner Energy Capital Partners, announced a $25B U.S.-focused initiative to invest in energy infrastructure and data centers, according to the report.
Amid the fiercely competitive AI race, countries and companies globally have been investing to develop AI infrastructure, including data centers. U.S. tech giants including Alphabet’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Amazon (AMZN), Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) have already spent billions of dollars to build their AI infrastructure and plan to spend even more.
The agreement was a result of a meeting between Trump and UAE national security adviser Sheikh Tahnoon bin Zayed on Tuesday in the Oval Office. In addition, Vice President JD Vance and several Cabinet members held a dinner with the UAE delegation, which included heads of several UAE sovereign wealth funds and corporations.
Last week, it was reported that Sheikh Tahnoon could ask the U.S. to allow the Middle Eastern nation to buy more AI accelerators from companies such as Nvidia (NASDAQ:NVDA).
The international investment unit of UAE state oil company ADNOC, XRG has pledged to support U.S. natural gas production and exports with an investment in the NextDecade liquefied natural gas export facility in Texas, the report added.
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