(March 21): The United Arab Emirates (UAE) will invest US$1.4 trillion (RM6.19 trillion) in the US following a meeting earlier this week between President Donald Trump and Sheikh Tahnoon Bin Zayed Al Nahyan, the UAE’s national security adviser, a White House official said.

The official, speaking on the condition of anonymity before the deal was announced publicly, did not say whether the agreement would include access to cutting-edge chips from companies including Nvidia Corp currently under export restrictions. But the Emiratis have been seeking to boost investment in US technology and energy in a bid to unlock the ability to purchase those semiconductors as part of a push to become a regional artificial intelligence (AI) leader.

Following the meeting on Tuesday night, Sheikh Tahnoon said he had expressed his country’s commitment “to strengthening its economic ties with the US by accelerating investments in AI, advanced technology, infrastructure, energy, and healthcare” at the White House.

Previously, Abu Dhabi-based MGX had announced plans for a US$100 billion AI infrastructure venture that Trump unveiled during his first week in office. 

MGX is part of Sheikh Tahnoon’s sprawling US$1.5 trillion empire, which spans from wealth funds to the AI company G42 — the crown jewel of the UAE’s tech ambitions. He serves as chairman of those ventures, as well as the private investment firm Royal Group and First Abu Dhabi Bank.

The UAE’s commitment was first reported by Reuters.

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