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US announces US$200b deals with UAE

WASHINGTON — The United States on Thursday announced deals worth more than US$200 billion with the United Arab Emirates (UAE), not least those involving frontier technologies, aerospace, energy and critical minerals, Xinhua reported.

The White House said in a press release that Boeing and GE Aerospace secured a US$14.5 billion commitment from Etihad Airways to buy 28 Boeing 787 and 777X aircraft powered by GE engines.

Emirates Global Aluminium will invest in a US$4 billion primary aluminium smelter project in the US state of Oklahoma, said the press release, calling it “one of the first new aluminium smelters in America in 45 years.”

ExxonMobil, Occidental Petroleum, and EOG Resources are partnering with the Abu Dhabi National Oil Company for expanded oil and natural gas production valued at US$60 billion, while RTX is partnering with Emirates Global Aluminium and the UAE’s Tawazun Council on a pioneering Gallium project, it said.

US President Donald Trump began a visit to the UAE on Thursday, the last stop of his Middle East tour, after Saudi Arabia and Qatar.

The UAE has committed to investing US$1.4 trillion in the United States over the next decade. —BERNAMA-XINHUA

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