{"id":191411,"date":"2025-05-14T10:58:18","date_gmt":"2025-05-14T17:58:18","guid":{"rendered":"https:\/\/new.thepinetree.net\/?p=191411"},"modified":"2025-05-14T10:58:18","modified_gmt":"2025-05-14T17:58:18","slug":"president-donald-j-trump-secures-1-2-trillion-economic-commitment-in-qatar","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=191411","title":{"rendered":"President Donald J. Trump Secures $1.2 Trillion Economic Commitment in Qatar"},"content":{"rendered":"<p>Doha, Qatar&#8230;Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.   <\/p>\n<p><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/nUqZzzZ6d2o\" title=\"President Trump Participates in a Signing Ceremony and an Exchange of Agreements, May 14, 2025\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age.<br \/>\nSince President Trump took office, his commitment to American manufacturing and innovation has attracted trillions of dollars in investments and global commercial deals. Allies like Qatar are partnering in the United States\u2019 success. <\/p>\n<p>The following represent just a few of the many groundbreaking deals secured in Qatar:<br \/>\nBoeing and GE Aerospace secured a landmark order from Qatar Airways, a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. This is Boeing\u2019s largest-ever widebody order and largest-ever 787 order. This historic agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the United States during the course of production and delivery of this deal.<br \/>\nMcDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar\u2019s major LNG expansion, McDermott\u2019s work directly supports thousands of U.S. energy sector jobs.<\/p>\n<p>Parsons has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.<\/p>\n<p>Quantinuum finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company. Qatar will invest up to $1 billion in state-of-the-art quantum technologies and workforce development provided by the Joint Venture, supporting U.S. and Qatari jobs and leadership in this critical emerging technology.  <\/p>\n<p>Today\u2019s signings mark President Trump\u2019s intent to accelerate Qatar\u2019s defense investment in the U.S.-Qatar security  partnership\u2014enhancing regional deterrence and benefitting the U.S. industrial base.<\/p>\n<p>The defense deals secured today lock in Qatar\u2019s procurement of state-of-the-art military equipment from two leading U.S. defense companies.<\/p>\n<p>Raytheon, an RTX business, secured a $1 billion agreement for Qatar\u2019s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon\u2019s Fixed Site \u2013 Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America\u2019s leadership in innovative defense technologies.<\/p>\n<p>General Atomics secured a nearly $2 billion agreement for Qatar\u2019s acquisition of the MQ-9B remotely piloted aircraft system, signed by the U.S. and Qatari governments. This deal will strengthen the U.S.-Qatar bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by U.S. products made in America.<\/p>\n<p>The United States and Qatar also signed a statement of intent to further strengthen our security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defense capabilities related to air defense and maritime security.<\/p>\n<p>These new agreements and instruments aim to drive the growth of the U.S.-Qatar bilateral commercial relationship, create thousands of well-paying jobs, and open new trade and investment opportunities for both countries over the coming decade and beyond.<\/p>\n<p>CATALYZING PROSPERITY THROUGH GREATER TRADE AND INVESTMENT: The United States and Qatar have a long history of trade and a strong commercial relationship, including significant long-term aviation, critical infrastructure, information technology, and consulting deals. <\/p>\n<p>Qatar\u2019s strategic goals outlined in Qatar National Vision 2030 create opportunities for U.S. businesses in multiple sectors.<\/p>\n<p>The United States had a $2 billion trade surplus with Qatar in 2024 and has had a positive trade balance with Qatar since 2003.<\/p>\n<p>In 2024, U.S.-Qatar trade totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion in Qatari imports.<\/p>\n<p>Qatar\u2019s greenfield investment in the United States totaled $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.<\/p>\n<p>This visit advances opportunities for U.S. companies to expand long-standing partnerships and for Qatari entities to embrace U.S. technologies, adopt best practices, and finalize new agreements for significant sales and investments.<\/p>\n<p>Qatar has made significant investments in the United States across hotels and tourism, financial services, technology, healthcare, and energy, with plans to invest even more over the next five years. These investments strengthen the U.S. economy by supporting good-paying jobs for millions of American workers, expanding U.S. exports, and funding research and development. <\/p>\n<p>Qatar has the third largest proven reserves of natural gas in the world, and has invested in American energy infrastructure, directly contributing to U.S. energy security and industrial resilience.<\/p>\n<p>Starting in 2019, QatarEnergy initiated $18 billion in investments in the U.S. energy sector with ExxonMobil\u2019s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical\u2019s Golden Triangle Polymers Plant ($8 billion), both located on the Texas Gulf Coast.<\/p>\n<p>Qatar is our 12th largest Foreign Military Sales partner with active cases valued at more than $26 billion.<br \/>\nQatar\u2019s expansive investment in and trade with the United States contribute to U.S. and Qatari economic growth and prosperity, and Qatar\u2019s choice of U.S. industry\u2019s best-fit solutions supports the U.S. strategic goal of growing our industrial presence throughout the Gulf and the region as a whole.   <\/p>\n<p>THE ART OF THE DEAL: President Trump is securing billions in investments to revitalize American manufacturing, delivering on his promise to bring back \u201cMade in America\u201d and usher in a new Golden Age of prosperity.<\/p>\n<p>Today\u2019s announcement builds on yesterday\u2019s $600 billion investment commitment secured in Saudi Arabia.<br \/>\nIt also follows the announcement of an historic trade agreement with the United Kingdom and a joint agreement with China to reduce reciprocal tariffs. <\/p>\n<p>By securing these investments, President Trump is spurring a manufacturing renaissance, driving economic growth, and creating high-paying jobs across the nation.<\/p>\n<p>Prior to this historic deal, President Trump had already attracted trillions in U.S.-based investments, laying the foundation for an era of unprecedented American prosperity.<\/p>\n<p>President Trump is building on his record of success with Qatar, exemplified by his leadership in the 2019 GE Aerospace GEnx engine sale to power Qatar Airways\u2019 then-newly acquired Boeing 787-9 aircraft\u2014a monumental purchase in the history of both companies.<\/p>\n<p>As the dealmaker in chief, President Trump\u2019s latest achievement in Qatar is another win for America.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Doha, Qatar&#8230;Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":191412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,5,1],"tags":[],"class_list":["post-191411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2025\/05\/Fullscreen-capture-5142025-105324-AM.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/191411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=191411"}],"version-history":[{"count":1,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/191411\/revisions"}],"predecessor-version":[{"id":191413,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/191411\/revisions\/191413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/191412"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=191411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=191411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=191411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}