In a joint statement by the two leaders, published on the White House website, it was stated that this is the first ever visit by a president. United Arab Emirates To the United States lays a new foundation for cooperation between the two countries for decades to come.
The joint statement noted the distinguished trade and economic relations between the two countries, with bilateral trade volume reaching more than $40 billion annually, and US exports exceeding $26 billion to the UAE.
Artificial Intelligence and Advanced Technology
During the discussions, the leaders of the UAE and America set an ambitious path to lead global efforts to develop and expand areas of interest to the global economy, especially in advanced technology and clean energy needed to power artificial intelligence.
The importance of the partnership between Microsoft and the group was emphasized.G42The UAE, which was signed in April 2024, aims to invest $1.5 billion to accelerate the joint development of artificial intelligence and its infrastructure.
The importance of the joint project between the two companies in Kenya was also noted, which will rely on geothermal energy to power data centers, contributing to the deployment of cloud infrastructure and artificial intelligence services for the public and private sectors. This partnership will also support the development of local large language models and the establishment of an innovation lab in East Africa.
In this context, a framework declaration for cooperation between the UAE and America in the field of artificial intelligence was approved, in the presence of Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Advisor, and Jake Sullivan, US National Security Advisor.
Supply chains
The joint statement affirmed the UAE and the United States’ commitment to securing safe and resilient supply chains in cooperation with international partners, and stressed the importance of the India-Middle East-Europe Economic Corridor, launched at the 2023 G20 Summit in New Delhi, which will stimulate new investments, generate economic growth, increase freight transport efficiency, reduce costs, create jobs, and reduce greenhouse gas emissions.
The leaders of the two countries agreed that this economic corridor ushers in a new era of international connectivity to facilitate global trade, expand reliable access to electricity, and facilitate the distribution of clean energy.
They also stressed the importance of cooperation in the fields of trade, manufacturing, enhancing food security, linking energy networks and communications lines via submarine cables to expand access to electricity, and connecting groups to a secure and stable Internet network.
President Biden recognized the UAE’s leadership role in strategic investments globally to ensure reliable access to critical infrastructure including ports, mines, and logistics hubs, through the Abu Dhabi Investment Authority, Abu Dhabi Holding Company, Abu Dhabi Ports, and DP World.
Protecting the planet by switching to clean energy
The joint statement emphasized the importance of US-UAE leadership at COP28, which urged world leaders to take action to address the climate crisis.
President Biden thanked Sheikh Mohammed bin Zayed for his exceptional commitment that was pivotal in achieving historic results at COP28 in Dubai, leading to the historic “UAE Deal.”
The two leaders affirmed their strong commitment to cooperation in the areas of sustainability and innovation in the areas of accelerating clean energy and reducing carbon emissions in a way that enhances climate action and achieves prosperity for future generations.
The two sides also stressed their support for initiatives aimed at ensuring a smooth and rapid transition to clean energy, and their commitment to joint investment in Africa to end energy poverty across sub-Saharan Africa.
In this context, the Emirati companies Avery Finance and Ameya Power joined the US-led “Power Africa” initiative as private sector partners, with Avery pledging to invest $5 billion to build 3 gigawatt power generation projects, build a distribution network of more than 3,000 kilometers, and reduce 90 million tons of carbon dioxide emissions, according to the statement.
The importance of the partnership between ADNOC and ExxonMobil to establish the world’s largest low-carbon hydrogen production facility was also noted. The agreement was signed last month, and under which ADNOC will acquire a 35 percent stake in a low-carbon hydrogen and ammonia production facility project in Baytown, Texas.
space exploration
The statement stressed the importance of the partnership between the UAE and America in the field of space exploration, one of the most prominent results of which was the historic launch of the first Arab probe to Mars, the Hope Probe, in 2021, as well as cooperation in areas related to studying the atmosphere of Mars and exploring the moon, as well as cooperation between NASA and the UAE in human spaceflight.
Defense
US President Joe Biden has declared the UAE a major defence partner of the United States – a designation held so far only by India – with the aim of strengthening defence in the Middle East, East Africa and the Indian Ocean region, and enhancing cooperation between the three countries in the form of joint training and exercises.
The joint statement stressed the importance of expanding defense and security cooperation to enhance joint defense capabilities, deepen investments in American defense systems, and cooperate in the fields of research and development.
