Crown Prince Khaled Bin Mohamed And US President Trump Engage In UAE–US Business Dialogue For Economic Growth

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and US President Donald Trump recently took part in the UAE–US Business Dialogue at Qasr Al Watan in Abu Dhabi. This event focused on current and future collaborations between the two nations across various shared interests. It also assessed progress under a significant US$1.4 trillion investment plan in the US, announced earlier this year.

The dialogue was part of President Trump's state visit to the UAE, which began on Thursday. The aim was to enhance economic and investment cooperation between the two countries, supporting growth, job creation, and innovation in both nations. Several new agreements were unveiled during the event across sectors like energy, healthcare, aviation, industry, AI, advanced technology, entertainment, sports, and tourism.

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In the energy sector, strategic agreements were made to facilitate up to US$60 billion in American investments in UAE energy projects. These included ADNOC’s collaboration with ExxonMobil to increase production capacity at the Upper Zakum offshore field. A separate agreement with Occidental aimed at boosting capacity at the Shah Gas field was also announced.

Additionally, a new concession for unconventional oil and gas exploration in Abu Dhabi was awarded to EOG Resources. XRG signed a framework agreement with Occidental’s subsidiary 1PointFive to explore a major investment in a direct air capture (DAC) facility in Texas. Both sides agreed to launch a comprehensive strategic partnership in the energy sector.

Etihad Airways confirmed an order for 28 Boeing 787 and 777X aircraft equipped with GE engines as part of its fleet expansion strategy. In technology and innovation, Abu Dhabi Investment Office (ADIO) partnered with Qualcomm to establish an advanced global engineering centre in Abu Dhabi focused on next-generation IoT, AI, and data centre solutions.

This facility will become Qualcomm’s newest global engineering hub and support strategic initiatives through collaboration with local and international companies based in Abu Dhabi. It will strengthen the UAE’s global engineering capabilities by delivering tailored products and services across key sectors such as energy, industry, logistics, retail, and smart mobility.

Manufacturing and Healthcare Advancements

Emirates Global Aluminium (EGA) announced progress on plans to build the first new primary aluminium production plant in the US since 1980 with an investment of US$4 billion. EGA also signed an agreement with Tawazun Council and RTX to explore opportunities for developing gallium production capabilities in Abu Dhabi.

In healthcare, several initiatives were launched focusing on leveraging advanced technologies for medical innovation and improved patient outcomes. These included a collaboration between M42 and Oracle Health to enhance healthcare data systems using advanced technologies. A joint initiative between G42, Oracle Health, and Cleveland Clinic aims to launch a global AI-powered healthcare delivery platform.

Sports and Entertainment Projects

The sports, entertainment, and tourism sectors saw reviews of several joint initiatives including the Disney Theme Park Resort project in Abu Dhabi. The city will continue hosting UFC championship events and NBA preseason games. The Guggenheim Abu Dhabi museum project is also progressing towards opening in the UAE capital.

The dialogue highlighted ongoing efforts to expand economic ties between the UAE and US while fostering innovation across various sectors. These collaborations are expected to drive growth and development benefiting both nations significantly.

With inputs from WAM