US President Donald Trump has left the United Arab Emirates after a trip during which he visited Riyadh, Doha and Abu Dhabi, where he struck deals worth more than $200 billion, Sky News Arabia television channel reports.
Trump's four-day trip to the Gulf resulted in agreements and investment commitments between the United States and Saudi Arabia worth $600 billion, as well as a contract to supply up to 210 Boeing wide-body aircraft to Qatar Airways.
The agreements between the United States and Saudi Arabia provide for, among other things, the supply of US weapons worth $142 billion, the largest defence agreement in the history of cooperation between the two countries.
During Trump's visit to Abu Dhabi, US and Emirati companies signed deals worth more than $200 billion. The parties also agreed to create a mechanism that will allow the UAE to purchase state-of-the-art semiconductors from US companies for the development of artificial intelligence.
This was one of the main outcomes of the visit for the UAE, which is seeking to become a world leader in artificial intelligence and is counting on the support of the new US administration. Former US President Joe Biden tightened restrictions on exports of advanced chips used in advanced data centres amid rising tensions between Washington and Beijing.
According to Trump, the AI deal finalized on Thursday reflects his administration's confidence in the UAE's ability to manage the technology safely. Under the agreement, the emirate's data centres will be managed by US companies.
"The two countries also agreed yesterday to create a pathway for the UAE to purchase some of the most advanced AI semiconductors from US companies, a very large contract. This will bring billions and billions of dollars in deals and accelerate the UAE's plans to become a truly major player in the AI field," Trump said at X.
In return, the UAE has promised to increase investment in the US energy sector to $440 billion by the middle of the next decade. US oil and gas companies ExxonMobil, Occidental Petroleum and EOG Resources plan to invest $60 billion in developing Emirati energy projects over the next few years, said Sultan al-Jaber, the UAE's minister of industry and advanced technology, who also heads the Abu Dhabi National Oil Company (ADNOC).
Under a $30 billion deal between US company Holtec International and IHC Industrial Holding, a division of Abu Dhabi's sovereign wealth fund, the UAE firm will build SMR-300 small modular reactors in the state of Michigan.
Emirates' flag carrier Etihad Airways has signed a $14.5bn deal to buy 28 Boeing 787 and 777X aircraft with GE Aerospace engines, while Emirates Global Aluminum will build a $4bn aluminium plant in Oklahoma.
Investment agreement
In March, the White House said the UAE plans to invest $1.4 trillion in the US economy over the next ten years. The investment agreement was reached during a visit to the United States by Sheikh Tahnoon bin Zayed Al Nahyan, national security adviser to the UAE president.
Although the White House has not specified how the total amount will reach $1.4 trillion, some of the projects included in the framework agreement have been announced previously. The investment agreement between the United States and the UAE includes investment by XRG, a subsidiary of oil company ADNOC, in the NextDecade liquefied natural gas export terminal in Texas. This project was first unveiled in 2023 under the Biden administration.
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