President Donald Trump has announced a total of $2 trillion in investment agreements with Saudi Arabia, Qatar and the United Arab Emirates.
Economic Deals With Qatar
According to a White House fact sheet published Wednesday, Trump booked a $1.2 trillion economic deal with Qatar to strengthen U.S. manufacturing and technological leadership and drive innovation.
The agreement seeks to advance Qatar’s defense investment in the U.S.-Qatar security partnership to improve regional deterrence and support the U.S. industrial base.
The signings include defense deals, including Qatar’s procurement of military equipment from two U.S. defense companies and over $38 billion in potential investments in maritime security and air defense capabilities.
RTX subsidiary Raytheon received a $1 billion agreement to provide counter-drone capabilities for Qatar, including its Fixed Site-Low, Slow, Small Unmanned Aerial System Integrated Defeat System, or FS-LIDS.
General Atomics signed a $2 billion agreement with the Middle Eastern country to facilitate Qatar’s acquisition of the MQ-9B remotely piloted aircraft system.
Saudi Arabia’s Investment Commitment
The president secured a $600 billion commitment from Saudi Arabia to invest in the U.S. to boost the U.S. defense industry, energy security and technology leadership, and improve access to critical minerals and global infrastructure.
The investment commitment includes a defense sales agreement worth nearly $142 billion to provide the Middle Eastern country with warfighting equipment and services sourced from over 12 U.S. defense contractors.
The defense sales fall into five categories: air force advancement and space capabilities; air and missile defense; maritime and coastal security; border security and land forces modernization; and information and communication systems upgrades.
Google, DataVolt, Oracle, Salesforce, AMD and Uber have committed to invest $80 billion in transformative technologies in the U.S. and Saudi Arabia.
Saudi Arabia-based DataVolt intends to invest $20 billion in artificial intelligence data centers and energy infrastructure in the U.S.
US-UAE Deals
Trump also announced $200 billion worth of commercial deals with the United Arab Emirates as part of a push to strengthen U.S. economic and national security.
One of the deals is RTX’s partnership with Emirates Global Aluminum and the UAE’s Tawazun Council on a Gallium project to help secure the U.S. critical mineral supply chain.
The U.S. and UAE signed an agreement over artificial intelligence to ensure U.S. dominance and security interests in AI and extend the country’s tech stack to a strategic partner in the Gulf region. Under this agreement, the UAE is committing to invest in U.S. data centers.
The deals build on previously announced $1.4 trillion investment commitment from the UAE to strengthen the U.S. quantum computing, semiconductors, energy, biotechnology, manufacturing and AI infrastructure.