BlockBeats News, May 16th. The White House of the United States announced that during his visit to the UAE, President Trump finalized a $200 billion cooperation agreement, including projects in the field of artificial intelligence, which will boost the tech ambitions of this Gulf country. "These agreements will significantly expand U.S. investment and market access in the UAE," the White House said in a statement on Thursday. This announcement comes as part of Trump's third and final stop on his Middle East tour.
Earlier this week, he announced a $600 billion investment plan with Saudi Arabia and a $243 billion cooperation agreement with Qatar. The commercial deal outcomes have become the centerpiece of Trump's first overseas trip since returning to the White House.
The new agreements on Thursday further solidified the UAE's commitment - that back in March of this year, after Trump's meeting with the country's National Security Advisor Sheikh Tahnoun bin Zayed Al Nahyan, the UAE planned to invest $1.4 trillion in the U.S. over ten years, covering areas such as artificial intelligence infrastructure, semiconductors, energy, and manufacturing. (Jinse Finance)
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