Qatar and the US have signed an agreement to generate an economic exchange worth at least $1.2 trillion, the White House has announced.

 

HH the Amir Sheikh Tamim bin Hamad Al-Thani and President Donald Trump witnessed the signing of an agreement and a number of memorandums of understanding (MoUs) between the two countries at the Amiri Diwan in Doha on Wednesday.

 

President Trump also announced economic deals totaling more than $243.5 billion between the US and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.   

 

The landmark deals will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age, the White House said.

 

The following are some of the deals secured in Qatar:

* Boeing 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’s largest-ever widebody order and largest-ever 787 order. This historic agreement will support 154,000 US jobs annually, totaling over 1 million jobs in the US during the course of production and delivery of this deal.

 

* McDermott 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’s major LNG expansion, McDermott’s work directly supports thousands of US energy sector jobs.

 

* 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.

 

* Quantinuum finalised 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 US and Qatari jobs and leadership in this critical emerging technology.  

 

Today’s signings mark President Trump’s intent to accelerate Qatar’s defence investment in the US-Qatar security  partnership—enhancing regional deterrence and benefitting the US industrial base. The defence deals secured today lock in Qatar’s procurement of state-of-the-art military equipment from two leading US defence companies.

* Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the US and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – 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’s leadership in innovative defense technologies.

* General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, signed by the US and Qatari governments. This deal will strengthen the US-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.

 

The US 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 defence capabilities related to air defense and maritime security. - TradeArabia News Service