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UAE, US talk technology and energy investment: Deputy Abu Dhabi Ruler and National Security Advisor Tahnoun bin Zayed Al Nahyan met with Trump administration officials and top US business leaders at the White House on Monday to discuss expanding technology and investment partnerships in AI, advanced technology, energy, infrastructure, and life sciences, the UAE Embassy in Washington said on X.
On the meeting list: Sheikh Tahnoun held talks with senior executives from Microsoft, Amazon, Palantir, Oracle, BlackRock, Nvidia, and xAI, as well as Treasury Secretary Scott Bessent. Bloomberg previously reported that he likely also met with Commerce Secretary Howard Lutnick, and National Security Advisor Mike Waltz.
ALSO- Al Nahyan was set to meet with Trump late yesterday to discuss increasing Emirati investment in the US, as well as on technology and energy, Bloomberg reports, citing sources familiar with the matter.
IN CONTEXT- The UAE planned to lobby for easier access to advanced chips, including from Nvidia, during its Washington visit, after the US in January introduced export restrictions on AI chips and GPUs affecting 120 countries, including the UAE, as part of its effort to maintain AI leadership. The regulations, which are yet to be implemented, are currently being reviewed by the Trump administration.
REMEMBER- The UAE and US are close AI partners, with increasing Emirati investment into the US data center sector forming a key part of their USD 1 tn economic relationship. This includes a USD 20 bn investment from Damac Properties and a portion of the USD 100 bn for a JV that includes Abu Dhabi AI fund MGX. State AI firm G42 also secured a USD 1.5 bn investment from Microsoft in April 2024, for which it requires large-scale AI component deliveries, including Nvidia chips and GPUs.
Industry and Advanced Technology Minister Sultan Al Jaber and UAE Ambassador to the US Yousef Al Otaiba also met with US Vice President JD Vance to discuss strengthening collaboration in energy investment and technology, according to a separate X post. “The US remains our key partner in these and other sectors,” Al Otaiba said, reiterating the UAE’s ambitious plans to deepen its engagement and expand investments in the country.
