White House: UAE commits to $1.4 trillion in US investment, over 10 years
Investment framework includes AI infrastructure, semiconductors & energy
#UAE #USA #investment - A White House official has been quoted by Reuters confirming that the UAE has committed to a 10-year, $1.4 trillion investment framework for US investments, following meetings between President Donald Trump and His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and UAE National Security Adviser. According to the UAE's national news agency, His Highness affirmed the UAE's commitment to strengthening economic ties with the US by expanding partnerships and accelerating investments in key sectors like artificial intelligence, technology, energy, infrastructure, and healthcare.
OFFICIAL US VISIT - Sheikh Tahnoon has been visiting Washington DC this week to meet with the US president, government officials, investment groups and technology leaders on a wide range of issues. However, the UAE's AI ambitions, access to the latest AI chips and advanced technology, and AI infrastructure investments were high on the agenda. During the Sheikh's visit, Abu Dhabi sovereign wealth fund ADQ and US-based Energy Capital Partners (ECP) announced a $25 billion joint venture to develop US energy infrastructure to meet the demands of AI.
Meanwhile, Abu Dhabi-backed AI Infrastructure Partnership (AIP), which aims to mobilise $100 billion for AI infrastructure, strengthened its hand by welcoming NVIDIA and Elon Musk's xAI as new partners. The partnership was formed last year by Abu Dhabi's new tech investment fund MGX, Blackrock, Global Infrastructure Partners (GIP) and Microsoft. Sheikh Tahnoon met with the AIP partners in Washington.
WHO IS SHEIKH TAHNOON? - His Highness Sheikh Tahnoon bin Zayed Al Nahyan, is the brother of UAE President Sheikh Mohamed bin Zayed Al Nahyan. He was made National Security Adviser in 2016, is the Deputy Ruler of Abu Dhabi and chairs the Abu Dhabi Investment Authority (ADIA).
Tahnoon is one of the key proponents of artificial intelligence in the UAE and increasingly in global political and tech investment circles. He is the chair of Abu Dhabi's AI powerhouse G42, a company that was originally formed in 2018 to provide for urgent government needs for digital transformation, data infrastructure and AI platforms, and is now a holding group of companies employing some 25,000 people.
The Sheikh chairs multi-billion dollar holding groups ADQ and International Holding Company (IHC), plus MGX, Abu Dhabi's new global technology investment formed by the Artificial Intelligence and Advanced Technology Council (AIATC) last year. In January, President Trump mentioned MGX as an investor in the proposed Stargate initiative to build out $500 billion of AI infrastructure across the USA, alongside OpenAI, Oracle and Softbank.
The G42 group is taking on an increasingly global remit with a focus on AI platforms, AI infrastructure and Sovereign Cloud offerings. Microsoft became a shareholder in G42 last year, announcing an investment of $1.5 billion in the group.
Read more about recent UAE global investment deals:
ADQ, ECP to form $25 billion energy venture to power AI (Middle East AI News)
AI infrastructure consortium expands with NVIDIA, xAI (Middle East AI News)
AI close to the heart of UAE-Italy $40B investment deal (Middle East AI News)
France, UAE deal to build 1 Gigawatt AI data centre (Middle East AI News)