According to Reuters, the White House has announced that the United Arab Emirates (UAE) plans to invest $1.4 trillion in the United States over the next decade.
The announcement follows recent meetings between UAE officials and Donald Trump.
The investment will focus on key sectors, including artificial intelligence, infrastructure, energy, and manufacturing.
Sources indicate that the formal agreement between the two countries is expected to be signed later this month.
Notably, Saudi Arabia had previously announced a $1 billion investment in the United States following a visit by Trump.