The United Arab Emirates (UAE) has pledged to invest $1.4 trillion in the United States over the next 10 years.
On the 15th (local time), UAE President Mohamed bin Zayed Al Nahyan stated after a summit in Abu Dhabi with U.S. President Donald Trump, who was visiting the UAE, that "we will invest $1.4 trillion in the United States over the next 10 years."
According to the Associated Press, on the last day of Trump's Middle East tour, the UAE announced a plan for focused investments in technology, artificial intelligence (AI), and energy.
Trump noted that the planned investments in the U.S., including the UAE's investment promise, would reach $10 trillion, saying, "There is no doubt that the relationship between the United States and the UAE is strengthening."
The two leaders engaged in a friendly conversation. Trump praised President Mohamed as "a great warrior, a strong and exceptional person, and one of the few with vision." He also invited the UAE President to the White House.
President Mohamed responded, "I am committed to working with the United States to enhance peace and stability in the region and around the world."
In particular, Trump said, "It is special to be partnering with the UAE on AI projects," and called on Jensen Huang, the CEO of NVIDIA, to engage in direct conversation with President Mohamed.