The United Arab Emirates has pledged a $1.4 trillion investment in the United States over the next 10 years. This commitment was made following a meeting between top UAE officials and President Donald Trump earlier this week, according to a White House official on Friday. "Following the meeting, the UAE proudly committed to a 10-year, $1.4 trillion investment framework in the United States," per the statement.

According to an official speaking to Reuters, the new framework will “substantially increase the UAE’s existing investments in the U.S. economy” across sectors such as AI infrastructure, semiconductors, energy, and American manufacturing.

An official stated that the agreement was reached on Tuesday after meeting former U.S. President Donald Trump and UAE National Security Adviser Sheikh Tahnoon bin Zayed in the Oval Office. Additionally, Vice President JD Vance and several Cabinet members hosted a dinner with the UAE delegation, which included key figures from the country’s sovereign wealth funds and major corporations. As part of the agreement, the UAE’s investment fund ADQ, in partnership with U.S. firm Energy Capital Partners, has launched a $25 billion initiative focused on investing in energy infrastructure and data centres in the United States.

XRG, the international investment division of UAE’s state-owned oil company ADNOC, has pledged to invest in U.S. natural gas production and exports. As part of this commitment, it will support the NextDecade liquefied natural gas (LNG) export facility in Texas, according to an official statement. In addition, the companies plan to invest significantly in various U.S. sectors, including natural gas, chemicals, energy infrastructure, and low-carbon solutions.

As part of the agreement, ADQ and Orion Resource Partners will establish a $1.2 billion mining partnership to acquire essential minerals needed for technological progress. Additionally, Emirates Global Aluminum plans to build the first new aluminium smelter in the U.S. in 35 years, significantly increasing the country’s aluminium production capacity.