AhlulBayt News Agency: The United Arab Emirates (UAE) has announced plans to significantly expand its investments in the US energy sector, increasing the total value to $440 billion by 2035, up from the current $70 billion. This move is part of the UAE’s $1.4 trillion investment plan in the United States.
The plan was revealed by Dr. Sultan Al Jaber, managing director and group CEO of Adnoc, and executive director of investment company XRG, during a meeting between former US President Donald Trump and top business leaders in the Emirates.
Al Jaber informed Trump that, in addition to the UAE’s growing investments in US energy, American companies would also be expanding their investments in the UAE.
Earlier in March, Emirati officials met with Trump and committed to a 10-year investment framework worth $1.4 trillion, aimed at strengthening bilateral ties between the two nations.
The White House issued a statement noting that this investment framework would boost UAE investments in key sectors of the US economy, including infrastructure, artificial intelligence, semiconductors, energy, and manufacturing.
Trump commented on the plan, stating: “We’re making great progress for the $1.4 trillion that UAE has announced it intends to spend in the United States.”
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