The White House announced that US President Donald Trump secured $200 billion (€179 billion) deals with the United Arab Emirates (UAE) during the final stop of his Persian Gulf tour. The deals prominently feature artificial intelligence (AI), alongside investments in aviation, energy, and other industrial sectors.
Following $600 billion (€536bn) in deals reached with Saudi Arabia and $243 billion (€217 billion) in agreements with Qatar, Trump concludes his Middle East trip with a total of $1.4 trillion (€1.3 trillion) in investment pledges. Trump’s Gulf visit can be seen as a win-win venture. While the US president seeks foreign investment to help revive domestic manufacturing, the three Gulf states are keen to accelerate AI development to diversify their economies away from oil dependency.
