UAE plans to invest $1.4T in US over next 10 years: President
ISTANBUL
United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan said Thursday that his country plans to invest $1.4 trillion in the US during the next decade.
The announcement came during talks with US President Donald Trump at Qasr Al Watan, the presidential palace, in Abu Dhabi.
Channeled through Emirati investment institutions, the investments target sectors of the new economy, energy, advanced technology, artificial intelligence and industry, he highlighted.
He emphasized that the US is a strategic partner in the UAE’s space initiatives, including its Mars exploration program, astronaut missions and asteroid belt exploration project.
Addressing Trump, Al Nahyan said: “Last March, you stated that the UAE and the United States have always been strategic partners in supporting peace and security efforts in the Middle East and across the world. Today, I reaffirm that Abu Dhabi is committed to continuing our joint work with Washington to achieve peace and stability in our region and beyond.”
“I am confident that this visit will have a profound impact on the future of our bilateral relationship,” he added.
“I was pleased to welcome US President Donald Trump to Abu Dhabi,” Al Nahyan said later on X:
“Together, we expressed our determination to continue driving investment in future-focused industries such as AI and advanced technology for the benefit of humanity.
“For over 50 years, the enduring UAE-US strategic partnership has served as a foundation of shared progress, and our nations remain committed to advancing prosperity, stability and development in our regions and worldwide,” he added.
Trump was welcomed upon arrival at Abu Dhabi airport by Al Nahyan, the state news agency WAM reported.
He toured the Sheikh Zayed Grand Mosque in Abu Dhabi alongside Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al-Nahyan, according to WAM.
The UAE is the third and final stop on Trump’s Gulf tour after Saudi Arabia and Qatar.
His visit to Abu Dhabi is the first by a US president since 2008, when then-President George W. Bush paid a visit.