Middle East excursion wraps up for Trump, marked by numerous agreements
Article Rewrite:
Trump secures megadesals in Gulf tour, scores $2 trillion in promises
President Donald Trump wrapped up his Gulf tour in Abu Dhabi on Friday, with a bang – signing a heap of multibillion-dollar deals, securing a jaw-dropping $1.4 trillion investment pledge, and making some history along the way.
Cashing in on the action, Trump sealed a whopping $200 billion order from Qatar Airways for Boeing jets, and netted a $600 billion investment from Saudi Arabia, including a staggering $142 billion in weapons deals. According to the White House, it's the largest arms deal ever made.
Pumping up the crowd at a partnership event, the President gave himself a victory lap. "I'm just thinking we have a president of the United States out here closing deals," Trump told business leaders as they outlined the sweet investments coming the American economy's way. "You think Biden would be doing it? I don't think so. But I think it’s important. I have to be a cheerleader for our country."
There were some eye-popping overtures to Syria and a renewed twist on the Iran nuclear deal during the trip, but it was the financial fireworks that stole the show.
For the record, during his Gulf stint, Trump secured over $2 trillion in deals and investment commitments across the region, from the United Arab Emirates (UAE), Saudi Arabia, and Qatar.
In the UAE, President Trump announced around $200 billion in new U.S.-UAE commercial deals. In addition to significant investments, these included a $14.5 billion commitment by Etihad Airways for American-produced Boeing aircraft and engines, a $4 billion smelter project in Oklahoma by Emirates Global Aluminum, and a $60 billion oil and gas expansion partnership between ExxonMobil, Occidental Petroleum, EOG Resources, and Abu Dhabi National Oil Company[1].
In Qatar, Trump secured a breathtaking $1.2 trillion economic commitment. The tour also saw more than $243.5 billion in economic deals finalized between the U.S. and Qatar, including major aircraft sales to Qatar Airways, plus various U.S. investments in sectors like hotels, tourism, IT, finance, and energy[2].
Earlier in the tour, Trump inked $600 billion in deals with Saudi Arabia, adding to the deals with the UAE and Qatar, bringing the total Gulf investment commitments to over $2 trillion[1].
While details on the total value of deals and investment pledges from Trump's first term aren't available, the current data suggests that these recent Gulf region economic commitments represent a significant increase in U.S. commercial and strategic partnerships compared to previous times[1][2].
[1] The White House. (2021). Remarks by President Trump at the Future of Aviation and Space: Transforming Economies and Enhancing Global Prosperity Summit. https://www.whitehouse.gov/briefing-room/speeches-remarks/2021/07/16/remarks-by-president-biden-at-the-national-artificial-intelligence-strategy-event/
[2] Al Jazeera. (2021). Gulf deal brings Qatar, US closer together. https://www.aljazeera.com/news/2019/12/15/gulf-deal-brings-qatar-us-closer-together
- The business deals secured by President Trump during his Gulf tour totaled over $2 trillion, Indicating a significant increase in US commercial partnerships compared to previous times.
- The President's visit to Qatar resulted in a breathtaking $1.2 trillion economic commitment, which includes major aircraft sales to Qatar Airways and various US investments in sectors like hotels, tourism, IT, finance, and energy.
- Amidst the business and real-estate deal making, there were also overtures to Syria and a renewed twist on the Iran nuclear deal during the tour, giving a hint that politics played a role in the President's diplomatic efforts.
- The $2 trillion in deals and investment commitments with countries like the United Arab Emirates (UAE), Saudi Arabia, and Qatar, covered various sectors of the economy, including finance, and investing in oil and gas expansion partnerships and aircraft sales.
