UAE-US Business Dialogue Strengthens Economic Ties
Abu Dhabi – In a significant event held at Qasr Al Watan, Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and US President Donald Trump participated in the UAE-US Business Dialogue on Friday. This meeting marked a key moment for enhancing collaboration between the two nations across various sectors.
The dialogue focused on mutual interests and outlined advancements in the ambitious USD 1.4 trillion investment plan previously announced in Washington, DC. This initiative aims to strengthen Emirati investment in strategic sectors including energy, artificial intelligence, and advanced technology.
As part of President Trump’s visit to the UAE, the dialogue unveiled several new agreements designed to promote economic growth and job creation. In the energy sector, commitments facilitated up to USD 60 billion in American investments for UAE projects. Notable agreements included ADNOC’s partnership with ExxonMobil, aimed at increasing production at the Upper Zakum offshore field, as well as collaboration with Occidental on enhancing the Shah Gas field.
In tech and innovation, the Abu Dhabi Investment Office (ADIO) announced a collaboration with Qualcomm to establish an advanced global engineering center in Abu Dhabi. This facility will focus on next-generation IoT and AI, enhancing the UAE’s engineering capabilities.
Moreover, Emirates Global Aluminium (EGA) disclosed its plans to build the first new primary aluminium production plant in the US since 1980, with a USD 4 billion investment. EGA also signed an agreement with the Tawazun Council and RTX to explore gallium production capabilities in Abu Dhabi.
This dialogue represents a pivotal step toward enhancing the strong economic ties between the UAE and the United States, fostering innovation and collaboration across various sectors.
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