What are Trump’s achievements from his Middle East trip?
What are Trump’s achievements from his Middle East trip?
During Donald Trump’s official trip to the Middle East, several major investment agreements were signed between the United States and three countries: Saudi Arabia, Qatar, and the United Arab Emirates.
According to Forbes magazine, the total value of these contracts is estimated to be over two trillion dollars, covering various fields including defense industries, aviation, and new technologies such as artificial intelligence.
During this trip, a group of senior executives from major American companies accompanied Trump and played an active role in the negotiations and finalization of these contracts.
In the United Arab Emirates, contracts worth over 200 billion dollars were signed.
Among these agreements was Etihad Airways’ commitment to invest 145 billion dollars in purchasing 28 Boeing 787 and 777X aircraft manufactured in the United States with engines from General Electric.
Additionally, Emirates Global Aluminium committed to investing 4 billion dollars in constructing an aluminum smelting plant in the state of Oklahoma.
The U.S. Department of Commerce also announced that the two countries would start the construction of the largest artificial intelligence data center outside of the U.S. in Abu Dhabi, in collaboration with the Emirati company G42. This center, with an area of about 10 square miles and an energy capacity of 5 gigawatts, is considered a significant infrastructure in the development of artificial intelligence technology.
In Qatar, a joint investment agreement valued at over 2.435 trillion dollars was signed between the two countries, which is planned to increase to 12 trillion dollars according to the programs.
The U.S. President announced at the country’s airbase in Qatar that Doha would make a 10 billion dollar investment in military projects and has plans to purchase 42 billion dollars worth of weapons from the United States.
Additionally, Qatar Airways signed a contract to purchase 210 Boeing aircraft valued at approximately 96 billion dollars, which is considered the largest contract related to this trip.
Qatari company Al Rabban Capital also signed a one-billion-dollar contract with the quantum computing company Quantinuum for investment in quantum technology and workforce development in the U.S.
The United States and Qatar also signed several defense contracts, including the purchase of drone defense technology valued at one billion dollars from Raytheon RTX and a two-billion-dollar contract for purchasing drones from General Atomics.
In Saudi Arabia, according to the White House, agreements valued at approximately 600 billion dollars were signed, although some of the mentioned projects were already underway.
At a simultaneous meeting attended by several prominent American investors and managers, 145 more contracts worth over 300 billion dollars were also signed.
One of the most important parts of these agreements is the contract for purchasing military equipment and services valued at 142 billion dollars by Saudi Arabia from more than a dozen American defense companies.
The mentioned 600 billion dollar investment also includes DataVolt’s 20 billion dollar commitment to develop artificial intelligence data centers and energy infrastructure in the U.S., and an 80 billion dollar investment by companies like Google, DataVolt, Oracle, Salesforce, AMD, and Uber in the technology sector between the two countries.
Additionally, infrastructure projects worth over 2 billion dollars, including the King Salman International Airport and the Qiddiya city entertainment complex, are being executed by American companies in Saudi Arabia.
Apart from government agreements, Elon Musk announced that Saudi Arabia has signed a contract to use Starlink satellite internet services for aviation and maritime transport applications.
Moreover, Nvidia announced the sale of 18,000 AI chips to the newly established company Humain, which is supported by the Saudis and operates under Crown Prince Mohammed bin Salman.
AMD has also launched a 10 billion dollar project to supply chips and software needed for artificial intelligence data centers along a broad route from Saudi Arabia to the U.S.
Humain has signed contracts with companies Global AI, Cisco, and Amazon to establish an artificial intelligence zone in Saudi Arabia, which includes developing infrastructure, servers, and networks to optimize AI training.
In conclusion, it should be emphasized that the main focus of this trip was on developing economic cooperation and investment, while geopolitical issues were of lesser priority.
Among the projects related to the Trump family in the region are the golf resort in Qatar and residential towers in Dubai and Jeddah.
Also, the MGX investment fund, supported by the United Arab Emirates, utilized two billion dollars of stable cryptocurrency issued by the World Liberty financial institution, owned by the Trump family, for investment in Binance earlier this year.
