The United Arab Emirates has committed to a 10-year, $1.4 trillion investment program after senior UAE officials met with President Donald Trump this week, a White House official said on Friday, report by Reuters. The new structure “will significantly increase existing UAE investments in the U.S. economy” in artificial intelligence infrastructure, semiconductors, energy and U.S. manufacturing, the official said.
The official said the deal was the result of a meeting Trump held on Tuesday with UAE National Security Adviser Sheikh Tahnoun bin Zayed in the Oval Office and a dinner that Vice President J.D. Vance and several Cabinet members hosted with a UAE delegation that included the heads of major UAE sovereign wealth funds and corporations.
ADQ and Energy Capital Partners
Under the terms of the framework, UAE investment fund ADQ, together with US partner Energy Capital Partners, have announced a US$25 billion initiative to invest in energy infrastructure and data centres, an official said. New details of the massive US$25 billion UAE-US partnership reveal plans to provide 24/7 power for data centres and meet the rapidly growing needs of energy-intensive technology industries, mainly in the US.
Abu Dhabi’s sovereign wealth fund ADQ and US private equity firm Energy Capital Partners (ECP) have announced a 50-50 partnership, launched with an initial joint investment of US$5 billion. This will go towards building 25 gigawatts of new power generation and energy infrastructure with a capital investment of over US$25 billion over the next five years. The project will explore the potential for adding 24/7 renewable energy to the energy mix in the future.
XRG and NextDecade
The project will focus primarily on “gas-fired power generation assets that can meet the growing needs of hyperscalers and other energy-intensive industries.” This would provide “new energy” directly to data centers and other projects, rather than supplying more power to grids in areas of the United States that need it most.
XRG, the international investment arm of UAE state oil company ADNOC, also announced its commitment to supporting U.S. natural gas production and exports through an investment in the NextDecade LNG export facility in Texas, the official told Reuters. The companies have additional plans to make significant investments in U.S. assets, including gas, chemicals, power infrastructure and low-carbon solutions, the official said.