Arab News
Kuwait times, Sun, May 18, 2025 | Dhu al-Qadah 20, 1446
Trump announces $200 billion in deals during UAE visit, AI agreement signed
Kuwait:
President Donald Trump on Thursday pledged
to strengthen US ties to the United Arab Emirates and announced deals with the
Gulf state totaling over $200 billion and the two countries also agreed to
deepen cooperation in artificial intelligence.
After Trump’s meeting with UAE President Sheikh
Mohamed bin Zayed Al-Nahyan, the White House said he announced deals that
included a $14.5 billion commitment from Etihad Airways to invest in 28 Boeing
and 777x aircraft powered by engines made by GE Aerospace.
The US Commerce Department said the two countries
also agreed to establish a “US-UAE AI Acceleration Partnership” framework and
Trump and Sheikh Mohamed attended the unveiling of a new 5GW AI campus, which
would be the largest outside the United States. Sources have said the agreements
will give the Gulf country expanded access to advanced artificial intelligence
chips from the US after previously facing restrictions over Washington’s
concerns that China could access the technology.
Trump began a visit to the UAE on the latest stage
of a tour of wealthy Gulf states after hailing plans by Doha to invest $10
billion in a US military facility during a trip to Qatar.
“I have absolutely no doubt that the relationship
will only get bigger and better,” Trump said in a meeting with UAE President
Sheikh Mohamed bin Zayed Al-Nahyan.
“Your wonderful brother came to Washington a few
weeks ago and he told us about your generous statement as to the 1.4 trillion,”
Trump said, referring to a UAE pledge to invest $1.4 trillion in the US over 10
years. Trump was referring to Sheikh Tahnoon bin Zayed Al-Nahyan, Sheikh
Mohamed’s brother and the UAE’s national security adviser and chairman of two of
Abu Dhabi’s deep-pocketed sovereign wealth funds.
A White House fact sheet said Trump had secured
$200 billion in new US-UAE deals and accelerated the previously committed $1.4
trillion. It said Emirates Global Aluminum would invest to develop a $4 billion
primary aluminum smelter project in Oklahoma, while ExxonMobil Corp, Occidental
Petroleum, and EOG Resources were partnering with the Abu Dhabi National Oil
Company in expanded oil and natural gas production valued at $60 billion.
Sheikh Mohamed told Trump the UAE was “keen to
continue and strengthen this friendship for the benefit of the two countries and
peoples,” adding to Trump: “your presence here today, your excellency, the
president, confirms that this keenness is mutual.”
Before his departure for the UAE, Trump said in a
speech to US troops at the Al-Udeid Air Base southwest of Doha that defense
purchases signed by Qatar on Wednesday were worth $42 billion. UAE has been
seeking US help to make the wealthy Gulf nation a global leader in artificial
intelligence.
The US has a preliminary agreement with the UAE to
allow it to import 500,000 of Nvidia’s most advanced AI chips a year, starting
this year, Reuters reported on Wednesday. The deal would boost the UAE’s
construction of data centers vital to developing AI models, although the
agreement has provoked national security concerns among sectors of the US
government.
The AI agreement “includes the UAE committing to
invest in, build, or finance US data centers that are at least as large and as
powerful as those in the UAE,” the White House said. “The agreement also
contains historic commitments by the UAE to further align their national
security regulations with the United States, including strong protections to
prevent the diversion of US-origin technology.”
Former US President Joe Biden’s administration had
imposed strict oversight of exports of US AI chips to the Middle East and other
regions. Among Biden’s fears were that the prized semiconductors would be
diverted to China and buttress its military strength. At the UAE presidential
palace, Trump and Sheikh Mohamed could be seen in TV footage in conversation
with Nvidia CEO Jensen Huang.
Trump said he would probably return to Washington
on Friday after a regional trip that began on Tuesday, although he said it was
“almost destination unknown.” Trump had hinted he could stop in Istanbul for
talks on Ukraine.
Other big business agreements have been signed
during Trump’s four-day swing through the Gulf region, including a deal for
Qatar Airways to purchase up to 210 Boeing widebody jets, a $600 billion
commitment from Saudi Arabia to invest in the US and $142 billion in US arms
sales to the kingdom.
The trip has also brought a flurry of diplomacy.
Trump said in Qatar that the United States was getting very close to securing a
nuclear deal with Iran, and Tehran had “sort of” agreed to the terms.
He also announced on Tuesday the US would remove
longstanding sanctions on Syria and subsequently met with Syrian interim
President Ahmed Al-Sharaa.