The agreement came after UAE officials met with Trump this week at the White House.
The agreement comes after UAE officials met with Trump this week at the White House.
The 10-year framework aims to bolster existing investments in the US economy, including artificial intelligence infrastructure, semiconductors, energy and manufacturing.
The White House has designated five additional investments from its nearest allies.
UAE Investment Fund ADQ and Energy Capital Partners will also partner with $25 billion in investments in US energy infrastructure and data centers.
Additionally, XRG has committed to supporting natural gas production and exports with investments in its Texas-based LNG export facility over the next decade.
ADQ and Orion resource partners have agreed to a $1.2 billion mining partnership to ensure the supply of critical minerals.
Emirates Global Aluminum has pledged to invest in the first new aluminum smelter in the United States for the first time in 35 years. This is a move the White House will almost double domestic aluminum production.
Major investments have been secured after Trump met with UAE national security adviser Sheikh Thanon bin Zayed Al Nahyan at the White House on Tuesday. The UAE delegation included several major national sovereign funds and corporate leaders.
Zayed Al Nahyan met with his US national security adviser Michael Waltz to discuss the ongoing partnership between the two countries.
Trump has often promoted foreign investment as a way to stimulate certain sectors, boost the economy and help create better paying jobs.
The memorandum said the US will quickly track the process to encourage greater investment from allies with conditions that prevent investors from partnering with foreign enemies in the same sector.
