In what is a major move for both countries, the United Arab Emirates (UAE) has committed to a 10-year investment framework in the United States worth $1.4 trillion after meeting with US President Donald Trump, according to White House officials. Indeed, the financial commitment came after both sides met earlier this week.
Moreover, the Trump administration Crypto Czar, David Sacks, met with senior UAE officials Friday to discuss both the digital asset industry and AI. Alternatively, the deal will see financial investments increase in the US and is expected to provide a massive boost to the economy.
JUST IN: 🇺🇸🇦🇪 UAE commits to 10-year, $1.4 trillion investment framework in the United States after meeting with President Trump.
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UAE Commits $1.4 Trillion US Investment Into AI Infrastructure, Manufacturing, and More
Taking to Truth Social earlier this week, Donald Trump announced an important meeting took place. Specifically, he met with senior UAE official Sheikh Tahnoon Bin Zayed Al Nahyan. Moreover, efforts to increase partnerships were only furthered when members of his administration met with those same officials Friday. Now, those talks have manifested into a major deal.
The UAE has committed to a 10-year $1.4 trillion investment framework into the US after meeting with President Trump, according to Reuters. Indeed, the deal is expected to “substantially increase the UAE’s existing investments in the US economy.”
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According to the report, the deal will address “AI infrastructure, semiconductors, energy, and American manufacturing,” White House officials told the publication. Previously, Trump noted the two sides talked about “ways for our countries to increase our partnership for the advancing of our economic and technological futures.”
The meeting sparked reports that the US sought increased investment from the UAE. Now, that has come to fruition. Indeed, the move will see America look to keep pace with the rest of the world. Throughout his presidency, Trump has remained focused on crypto, AI, and technological advancement. This deal certainly forwards those pursuits.
