Crown Prince of Abu Dhabi and U.S. President Witness UAE-U.S. Business Forum

UAE-U.S. Business Forum

Crown Prince of Abu Dhabi and U.S. President Witness UAE-U.S. Business Forum

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and U.S. President Donald Trump attended the UAE-U.S. Business Forum today at Qasr Al Watan.

The forum highlighted existing and future areas of cooperation in various fields of mutual interest and reviewed progress on the $1.4 trillion investment plan in the United States by UAE investment institutions. This plan, announced in Washington, D.C. earlier this year, covers sectors such as energy, artificial intelligence, advanced technology, and industry.

The dialogue took place during President Trump's official visit to the United Arab Emirates, which began on Thursday and concluded today. The visit aimed to expand economic and investment cooperation between the two countries, enhancing economic growth, job creation, and innovation in both nations.

During the forum, several agreements were announced across sectors including energy, healthcare, aviation, industry, AI, advanced technology, entertainment, sports, and tourism.

Energy Sector: Strategic agreements were announced that could enable up to $60 billion in U.S. investments in UAE energy projects. Notable deals included:

ADNOC’s collaboration with ExxonMobil to expand production at the Upper Zakum oil field.

A new plan with Occidental to boost output at the Shah gas field.

A new concession awarded to EOG Resources for unconventional oil exploration.

A framework agreement between XRG and 1PointFive (a subsidiary of Occidental) to explore major investment in a direct air capture facility in Texas.

A comprehensive strategic energy partnership between the UAE and the U.S.

Aviation Sector: Etihad Airways confirmed an order for 28 Boeing 787 and 777X aircraft powered by GE engines, aiming to further grow its fleet.

Technology and Innovation: The Abu Dhabi Investment Office and Qualcomm announced a partnership to establish a global engineering hub in Abu Dhabi. The center will focus on next-generation IoT, AI, and data center technologies, supporting strategic sectors like energy, industry, logistics, retail, and smart mobility.

In collaboration with Amazon Web Services (AWS), e& launched a sovereign cloud platform in the UAE to accelerate cloud and AI adoption. The platform is approved by the UAE Cyber Security Council and is set to support digital transformation across various sectors.

Industrial Sector: Emirates Global Aluminum (EGA) advanced its plans to build the first primary aluminum production plant in the U.S. since 1980, with a $4 billion investment. EGA also signed an MoU with Tawazun Council and RTX to explore gallium metal production opportunities in Abu Dhabi.

Healthcare Sector: Collaborations were announced focusing on advanced technology and scientific research to drive medical innovation and improve healthcare services. Highlights include:

A partnership between M42 and Oracle Health to enhance health data management and genomics.

A collaboration between G42, Oracle Health, and Cleveland Clinic to launch a global AI-based healthcare platform.

Tourism, Entertainment, and Sports: Major initiatives include:

The "Disney World Abu Dhabi" project.

Hosting UFC championships and NBA games in Abu Dhabi.

The planned opening of the Guggenheim Abu Dhabi Museum.

These developments underline a deepening partnership and mutual commitment to innovation and economic growth between the UAE and the United States.