The US president claims he sealed $10 trillion worth of transactions during his visit to Saudi Arabia, Qatar and the United Arab Emirates.
President Donald Trump welcomed deep ties between the United States and the United Arab Emirates, saying the latter would invest $1.4 trillion in the former artificial intelligence sector over the next decade.
Trump said Thursday in a meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan that he had attacked a series of lucrative technology, business and military deals on the last foot of his tour of the Gulf region’s three country.
Sheikh Mohammed said the United Arab Emirates is “committed to working with the United States to improve peace and stability in our region and worldwide.”
The UAE contract is expected to allow Gulf countries to build data centers essential to developing artificial intelligence models. The country did not say which AI chips could be included in UAE data centers. Nvidia CEO Jensen Huang was previously seen in a conversation with Sheikh Mohamed and Trump.
The AI contract “contains the UAE that includes investment, construction and funding in US data centers that are as large as the UAE data centers,” the White House said.
A report from Doha, Qatar, Al Jazeera’s Hashem Ahelbara said such a deal was a “national security concern” for Washington in the past. “But they decided to change their minds under Trump, especially when the UAE said it was willing to invest $1.4 trillion,” he said.
Ahelbarra said the deal is a “critical step” for the UAE and positions it as “the most important player in artificial intelligence, followed by Saudi Arabia.”
Before departing for the UAE, Trump said in a speech to the US forces at Al Udeid Air Force Base in southwestern Doha, Qatar said the defense purchase signed by Qatar on Wednesday was worth $42 billion.
Other contracts signed during Trump’s four-day swing on the Gulf include Qatar Airways to purchase up to 210 Boeing Widebody jets and a commitment to investing $600 million in the US from Saudi Arabia and purchasing $142 billion worth of US weapons.
The tour also brought about a surge in diplomacy, with Trump saying on Thursday that the US is approaching securing a nuclear deal with Iran in Qatar. On Tuesday, he said the US would eliminate long-standing sanctions on Syria.
Trump said he will likely return to Washington on Friday, but he said, “Is it almost a destination as they call ‘Can you come here? Can you be there?” “I said.
Trump previously suggested that he could stop by Istanbul for talks on the Russian-Ukraine war.
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