BlockBeats news, on May 16, the White House stated that during President Trump's visit to the UAE, a cooperation agreement totaling $200 billion was finalized, which includes projects in the field of artificial intelligence that will boost this Gulf country's technological ambitions. 'These agreements will significantly expand U.S. investment and market access in the UAE,' the White House stated on Thursday. This announcement comes as Trump completes the third and final stop of his Middle East trip.
Earlier this week, he announced a $600 billion investment plan reached with Saudi Arabia and a $243 billion cooperation agreement signed with Qatar. The results of these business agreements became the core highlight of Trump's first foreign visit after returning to the White House.
The new agreement on Thursday further solidified the UAE's commitment — namely, that after Trump's meeting with the country's National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan in March of this year, the UAE plans to invest $1.4 trillion in the U.S. over the next ten years, covering areas such as artificial intelligence infrastructure, semiconductors, energy, and manufacturing. (Jinshi)