The White Home introduced that US President Donald Trump secured $200 billion (€179 billion) offers with the United Arab Emirates (UAE) throughout the ultimate cease of his Persian Gulf tour. The offers prominently function synthetic intelligence (AI), alongside investments in aviation, vitality, and different industrial sectors.
Following $600 billion (€536bn) in offers reached with Saudi Arabia and $243 billion (€217 billion) in agreements with Qatar, Trump concludes his Center East journey with a complete of $1.4 trillion (€1.3 trillion) in funding pledges. Trump’s Gulf go to could be seen as a win-win enterprise. Whereas the US president seeks international funding to assist revive home manufacturing, the three Gulf states are eager to speed up AI improvement to diversify their economies away from oil dependency.
UAE to construct largest AI campus exterior the US
The centrepiece of the UAE offers is a 10-square-mile AI campus in Abu Dhabi, with a 5-gigawatt capability for AI information centres. The power can be constructed by G42, the UAE-based AI agency, in partnership with a number of US corporations.
“The brand new AI campus, the biggest exterior of the US, will host American hyperscalers and enormous enterprises, enabling regional compute capabilities whereas serving the International South,” acknowledged the US Division of Commerce (DOC).
In response to Bloomberg, Trump was weighing a deal permitting the UAE to import as much as 500,000 of Nvidia’s high-performance H100 GPUs yearly by means of 2027. One-fifth of those chips can be allotted to G42.
On Tuesday, Trump additionally concluded an $80 billion (€71 billion) AI funding take care of Saudi Arabia, which helped elevate Nvidia and different main US tech shares.
Nevertheless, some US officers stay involved that China may achieve oblique entry to superior American AI chips by way of Gulf states, though the agreements embody safeguards.
“The UAE is dedicated to safeguarding superior AI applied sciences by implementing stringent measures to stop diversion and guarantee managed entry,” the DOC acknowledged in a media launch.
“This settlement is a significant milestone in reaching President Trump’s imaginative and prescient for US AI dominance,” stated US Secretary of Commerce Howard W. Lutnick.
UAE President Sheikh Mohamed bin Zayed Al Nahyan, who unveiled the settlement alongside Trump, described the deal as “a testomony to the continued collaboration between our nations in synthetic intelligence.”
Different main offers
Boeing and GE Aerospace additionally signed an settlement with Etihad Airways, the UAE’s nationwide service. Etihad will decide to a $14.5 billion (€13.1 billion) funding to buy 28 widebody plane, together with 787 and 777X fashions powered by GE engines.
Each corporations have been among the many greatest winners from Trump’s regional tour. Only a day earlier, Boeing signed a $96 billion order with Qatar Airways. Boeing shares climbed to a 52-week excessive, whereas GE Aerospace shares hit their highest degree since 2001 by market shut on 15 Might.
Within the vitality sector, US giants together with ExxonMobil Corp., Occidental Petroleum Corp., and EOG Sources Inc. will accomplice with the Abu Dhabi Nationwide Oil Firm (ADNOC) to develop oil and gasoline manufacturing in a deal valued at $60 billion (€54 billion).
Further agreements embody initiatives with Emirates International Aluminum for aluminium smelting and gallium manufacturing.