The event highlighted ongoing and future areas of collaboration between the two countries
As part of President Trump’s state visit to the UAE, which began on Thursday, a dialogue was held to foster greater economic and investment collaboration between the two nations, with the aim of promoting economic growth, job creation, and innovation in both countries.
Abu Dhabi’s Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and the US President participated in the UAE–US Business Dialogue held at Qasr Al Watan in Abu Dhabi on Friday.
The event highlighted ongoing and future areas of collaboration between the two countries across a broad range of shared interests. It also reviewed progress under the landmark US$1.4 trillion investment plan in the US, announced in Washington, DC earlier this year, through which Emirati investment institutions are contributing to strategic sectors such as energy, artificial intelligence, advanced technology, and industry.
Held during President Trump’s state visit to the UAE, which commenced on Thursday, the dialogue focused on strengthening economic and investment ties between the two nations to foster economic growth, job creation, and innovation in both countries.
Several new agreements were announced during the event across key sectors including energy, healthcare, aviation, industry, AI, advanced technology, entertainment, sports, and tourism.
Strategic agreements have been announced in the energy sector, paving the way for up to US$60 billion in American investments in energy projects within the UAE. These agreements encompass ADNOC’s development plans with ExxonMobil to enhance production at the Upper Zakum offshore field, a separate collaboration with Occidental to explore increased capacity at the Shah Gas field, and the awarding of a new concession to EOG Resources for unconventional oil and gas exploration in Abu Dhabi. Furthermore, XRG and Occidental’s subsidiary, 1PointFive, have signed a framework agreement to investigate a significant investment in a direct air capture (DAC) facility located in Texas. Both parties have also committed to establishing a comprehensive strategic partnership within the energy domain. In the aviation industry, the UAE’s national carrier, Etihad Airways, has confirmed an order for 28 Boeing 787 and 777X aircraft, powered by GE engines, as part of their ongoing fleet expansion strategy.
In a move to advance the digital landscape, e& and Qualcomm have joined forces to accelerate the development of cutting-edge connectivity, 5G, and AI technologies, with the aim of bolstering digital transformation across key governmental and industrial sectors. Furthermore, e& has partnered with Amazon Web Services to launch a sovereign cloud platform within the UAE. This platform, known as the UAE Sovereign Launchpad and powered by AWS with the endorsement of the UAE Cybersecurity Council, is set to expedite the adoption of cloud computing and AI throughout various industries, heralding a new era for public cloud enablement in the nation.
