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UAE announces 1.4 trillion dollar investment plan in US over decade
The UAE has announced a $1.4 trillion investment framework in the US over the next decade, focusing on sectors like AI, infrastructure, and energy. Key projects include Emirates Global Aluminium's new smelter, which will nearly double US aluminium production, and a $25 billion initiative by ADQ and Energy Capital Partners for energy infrastructure. This move aims to strengthen economic ties and diversify the UAE's economy beyond oil.
UAE announces 1.4 trillion dollar investment in US AI and energy sectors
The UAE has committed to a 10-year, USD 1.4 trillion investment in the US, focusing on AI, semiconductors, and manufacturing, following discussions with top US officials. This initiative aims to strengthen US-UAE ties and position the UAE as a leader in AI while diversifying its economy away from energy.Additionally, Emirates Global Aluminum plans to invest in a new smelter in the US over the next 35 years, further solidifying economic collaboration. The agreement also includes partnerships like the Abu Dhabi sovereign wealth fund's collaboration with US private equity firm Energy Capital Partners on a USD 25 billion energy infrastructure initiative.
UAE announces 1.4 trillion dollar investment in US technology and energy sectors
The UAE has unveiled a $1.4 trillion investment framework in the US over the next decade, targeting AI, semiconductors, energy, and manufacturing. This initiative follows a meeting between UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan and US President Donald Trump. Key commitments include Emirates Global Aluminium's plan for a new aluminum smelter and a $25 billion energy infrastructure deal by the UAE sovereign wealth fund ADQ.
ADQ and ECP launch 25 billion dollar power venture for US data centres
ADQ and Energy Capital Partners have launched a $25 billion joint venture to develop power generation and energy infrastructure in the US, targeting the growing electricity demand from data centres and energy-intensive industries. The initiative will focus on building natural gas-fired power plants and other energy projects, with an initial capital contribution of $5 billion. This move addresses concerns over US grid capacity and aims to support the rapid growth in electricity demand, projected to increase significantly by 2030.
UAE invests heavily in AI infrastructure amid shifting global market dynamics
Goldman Sachs' president, John Waldron, is seen as a frontrunner to succeed David Solomon as CEO, with a career marked by a strong work ethic and client relationships. Meanwhile, the IPO market is cautiously reopening, with tech start-ups like CoreWeave and Klarna planning listings, although concerns linger due to recent market volatility.
kkr and energy capital partners launch 50 billion ai infrastructure initiative
KKR & Co. and Energy Capital Partners have formed a $50 billion partnership aimed at enhancing infrastructure for artificial intelligence. This collaboration will focus on developing data centers and power generation and transmission infrastructure, addressing a projected $1 trillion need for AI and cloud infrastructure by 2030.
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