Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and US President Donald Trump participated within the UAE-US Enterprise Dialogue on Friday, held at Qasr Al Watan in Abu Dhabi, as reported by Gulf Information. The occasion showcased present and future areas for collaboration between the 2 nations throughout a big selection of mutual pursuits. It additionally reviewed developments beneath the numerous USD 1.4 trillion funding plan within the US, which was introduced in Washington, DC earlier this yr, by way of which Emirati funding establishments are participating in strategic sectors, together with vitality, synthetic intelligence, superior know-how, and business, in keeping with Gulf Information. Carried out as a part of President Trump’s state go to to the UAE, which commenced on Thursday, the dialogue aimed to boost financial and funding collaboration between the 2 nations, fostering financial progress, job creation, and innovation in each international locations, as highlighted by Gulf Information. Gulf Information reported that a number of new agreements had been unveiled in the course of the occasion throughout essential sectors, together with vitality, healthcare, aviation, business, AI, superior know-how, leisure, sports activities, and tourism. Within the vitality sector, strategic agreements had been made to allow as much as USD 60 billion in American investments for UAE vitality initiatives. These included ADNOC’s improvement plan with ExxonMobil aimed toward growing manufacturing capability on the Higher Zakum offshore area; a separate settlement with Occidental to discover potential capability upgrades on the Shah Gasoline area; and the awarding of a brand new concession for unconventional oil and gasoline exploration in Abu Dhabi to EOG Sources. Moreover, XRG signed a framework settlement with Occidental’s subsidiary 1PointFive to analyze a major funding in a direct air seize (DAC) facility in Texas. Each events additionally agreed to provoke a complete strategic partnership within the vitality sector, as acknowledged within the Gulf Information report. In know-how and innovation, the Abu Dhabi Funding Workplace (ADIO) introduced a collaboration with Qualcomm to create a sophisticated international engineering heart in Abu Dhabi, specializing in next-generation IoT, AI, and information heart options. This facility will function Qualcomm’s latest international engineering hub and can help strategic initiatives within the emirate by way of partnerships with native and worldwide corporations located in Abu Dhabi. It would additionally bolster the UAE’s international engineering capabilities by offering tailor-made services throughout important sectors comparable to vitality, business, logistics, retail, and good mobility, in keeping with Gulf Information. In manufacturing, Emirates World Aluminium (EGA) revealed progress in its plans to ascertain the primary new main aluminium manufacturing plant within the US since 1980. EGA will make investments US$4 billion on this initiative. Moreover, EGA signed an settlement with the Tawazun Council and RTX to discover alternatives for creating gallium manufacturing capabilities in Abu Dhabi, as reported by Gulf Information. (ANI)
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