#CryptoRegulation
U.S. President Donald Trump on Thursday announced deals totaling more than $200 billion between the United States and the United Arab Emirates, including a $14.5 billion commitment between Boeing (NYSE:BA), GE Aerospace (NYSE:GE) and Etihad Airways.
The White House said on Thursday that Boeing and GE Aerospace secured a $14.5 billion commitment from Etihad Airways to invest in 28 American-made Boeing 787 and 777X aircraft powered by GE engines.
“With the inclusion of the next-generation 777X in its fleet plan, the investment deepens the longstanding commercial aviation partnership between the UAE and the United States, fueling American manufacturing, driving exports,” the White House said.
The news comes on the heels of Wednesday’s announcement that Boeing secured its largest-ever wide-body aircraft deal—a $96 billion order from Qatar.
Additionally, in Oklahoma, Emirates Global Aluminum will invest to develop a $4 billion primary aluminum smelter project, one of the first new aluminum smelters in America in 45 years, that is expected to create jobs and strengthen critical mineral supply chains, and double current U.S. production capacity.
Among the other deals signed during President Trump’s UAE visit: ExxonMobil (NYSE:XOM), Occidental (NYSE:OXY), and EOG Resources (NYSE:EOG) are partnering with the Abu Dhabi National Oil Company (ADNOC) for expanded oil and natural gas production valued at $60 billion.
RTX (RTX) is collaborating with Emirates Global Aluminum and the UAE’s Tawazun Council on a gallium project aimed at securing and stabilizing the United States' critical mineral supply chain.
Amazon Web Services (AMZN), e&, and the UAE Cybersecurity Council have launched a Sovereign Cloud Launchpad to accelerate public cloud services adoption in the UAE.
