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The White House said on Friday that the United Arab Emirates plans to invest $1.4 trillion in the U.S. after officials recently met with President Donald Trump.
Trump highlighted a Reuters report announcing the investment in a Monday post to his Truth Social account.
“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,” UAE National Security Advisor, HH Sheikh Tahnoon bin Zayed Al Nahyan, said in a statement following a recent White House meeting.
“These significant investments underscore the close ties between the United States and the United Arab Emirates, and the strong relationship between President Trump and President Sheikh Mohamed,” the White House wrote.
Abu Dhabi-based MGX, along with BlackRock, Microsoft, and Global Infrastructure Partners (GIP), welcomed NVIDIA and xAI to the AI Infrastructure Partnership (AIP). According to the White House’s press release, this initiative aims to mobilize up to $100 billion in investments to develop next-generation data centers and energy infrastructure, reinforcing U.S. leadership in AI.
UAE investment fund ADQ, in collaboration with U.S. partner Energy Capital Partners, has launched a $25 billion initiative focused on investing in U.S. energy infrastructure and data centers, it continued..
XRG, a subsidiary of ADNOC, committed to bolstering U.S. natural gas production and exports through an investment in the Next Decade LNG export facility in Texas. Additionally, XRG plans to invest significantly in U.S. assets, including gas, chemicals, energy infrastructure and low-carbon solutions.
Details were not released, but Reuters noted that an investment by Emirates Global Aluminium would be the first new aluminum smelter in the United States in 35 years, with the plant “would nearly double U.S. domestic aluminum production.”
“Developing a primary aluminum smelter in the U.S. has been part of EGA’s ambitions for several years,” a spokesperson for the firm said in a statement.
The announcement follows a January report in which Saudi Arabia’s crown prince told President Donald Trump that he plans to invest $600 billion in the U.S. over the next four years.
Crown Prince Mohammed bin Salman (MBS) made the comments during a phone call with Trump, according to the Saudi Press Agency.
“The crown prince affirmed the kingdom’s intention to broaden its investments and trade with the United States over the next four years, in the amount of $600 billion, and potentially beyond that,” the agency reported.