UAE commits to $1.4 trillion investment framework in US, White House says-OxBig News Network

Abu Dhabi, United Arab Emirates

Bojabo | Istock | Getty Images

The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States after top UAE officials met President Donald Trump this week, a White House official said on Friday.

The new framework will “substantially increase the UAE’s existing investments in the U.S. economy” in AI infrastructure, semiconductors, energy, and American manufacturing, the official told Reuters.

The official said the agreement resulted from a meeting that Trump held on Tuesday with UAE national security adviser Sheikh Tahnoon bin Zayed in the Oval Office and a dinner that Vice President JD Vance and several Cabinet members held with the UAE delegation, which included the heads of major UAE sovereign wealth funds and corporations.

Under terms of the framework, UAE investment fund ADQ, along with U.S. partner Energy Capital Partners, announced a $25 billion U.S.-focused initiative to invest in energy infrastructure and data centers, the official said.

XRG, the international investment arm of UAE state oil company ADNOC, also announced its commitment to support U.S. natural gas production and exports with an investment in the NextDecade liquefied natural gas export facility in Texas, the official said.

The companies have additional plans to make substantial investments in U.S. assets across gas, chemicals, energy infrastructure and low carbon solutions, the official said.

#UAE #commits #trillion #investment #framework #White #House

Breaking News: Economy,Politics,Breaking News: Politics,Economy,business news

latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media

HINDI NEWS

News Source

Related News

More News

More like this
Related

Bollywood actor tells Dear Daughter podcast she feels ugly sometimes

Hatty NashBBC World ServiceGetty ImagesKalki is not the only...

Trump strips legal status of 530,000 migrants, they may face deportation

US President Donald Trump's administration will revoke the temporary...

Panic persists across Bangladesh as mob violence continues unabated-OxBig News Network

The heart of Bangladesh is heavy with grief and...