Washington and Abu Dhabi also finalized a deal that will allow the UAE to import hundreds of thousands of AI chips from NVIDIA

The UAE announced on 15 May that it plans to invest $1.4 trillion in the US over a period of 10 years, which came during US President Donald Trump’s visit to the country.

“The UAE’s plan to invest $1.4 trillion in the United States over the next 10 years is a testament to the strength of our strategic relationship,” said UAE President Mohammed bin Zayed (MbZ).

MbZ added that Abu Dhabi is “keen to continue and strengthen this friendship for the benefit of the two countries and peoples,” telling Trump, “Your presence here today, your excellency, the president, confirms that this keenness is mutual.”

“And all I can say is thank you very much. We will work very hard to deserve it,” Trump told MbZ. “I have absolutely no doubt that the relationship will only get bigger and better.”

During the visit, Trump also announced several deals with the UAE worth over $200 billion, including a $14.5 billion agreement between Boeing, GE Aeropsace, and Etihad Airways, according to a statement by the White House.

The US and UAE have also finalized an agreement that will allow Abu Dhabi to import hundreds of thousands of chips produced by NVIDIA, for the development of Artificial Intelligence (AI) technology.

“It’s a very big contract,” Trump said at a US–UAE Business Council breakfast on Friday.

The UAE visit marks the final stop of the US President’s Gulf tour, which also includes visits to Qatar and Saudi Arabia.

The visits included an agreement for Qatar Airways to buy over 200 Boeing jets and a $600 billion pledge from Saudi Arabia to invest in the US, as well as a $142 billion US weapons sale to the kingdom.

The White House referred to the weapons deal as “the largest defense sales agreement in history.”

“I shook more hands, more than any human being is capable of doing,” Trump said on Air Force One after his trip to Saudi Arabia, mocking former US president Joe Biden for getting “a fist bump” from Saudi Crown Prince Mohammad bin Salman (MbS).

The Gulf tour coincided with ongoing nuclear negotiations between the US and Iran.

Trump said on 15 May during his visit to Qatar that Tehran and Washington were “getting close” to reaching a nuclear agreement and that a military attack on Iran’s atomic energy program is likely avoidable.

The Cradle Media report