RESTORING AMERICAN MANUFACTURING AND INNOVATION: In a moment that some may call a defining chapter in U.S.-Qatar relations, President Donald J. Trump has inked an agreement in Qatar aimed at establishing an economic exchange valued at a staggering $1.2 trillion. Alongside this, he unveiled additional economic deals amounting to over $243.5 billion, prominently featuring a historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.
- The agreements celebrated today are poised to ignite innovation and prosperity for generations while fortifying American manufacturing and technological prowess, setting the stage for what some may consider a new Golden Age of American enterprise.
- Since assuming office, President Trump’s steadfast dedication to revitalizing American manufacturing and innovation has lured trillions of dollars in investments and commercial agreements from around the globe. Allies like Qatar are stepping up, partnering in the quest for U.S. success.
- Among the many groundbreaking agreements secured in Qatar, the highlights include:
- Boeing and GE Aerospace have clinched a monumental order from Qatar Airways, valued at $96 billion, for up to 210 American-made Boeing 787 Dreamliner and 777X aircraft equipped with GE Aerospace engines. This transaction marks Boeing’s largest widebody order ever and is set to support 154,000 U.S. jobs annually, culminating in over 1 million jobs during the production and delivery phase.
- McDermott, in a robust alliance with Qatar Energy, is spearheading critical energy infrastructure projects, with seven active contracts valued at $8.5 billion. As the exclusive supplier of offshore components for Qatar’s LNG expansion, McDermott’s endeavors are expected to bolster thousands of jobs within the U.S. energy sector.
- Parsons has successfully secured 30 projects worth up to $97 billion, propelling significant growth and supporting thousands of jobs in the U.S. while reaffirming American leadership in advanced engineering and innovation.
- Quantinuum has signed a Joint Venture Agreement with Al Rabban Capital, a notable Qatari firm, to invest up to $1 billion in cutting-edge quantum technologies and workforce development in the United States, thereby fostering U.S. job creation and leadership in this burgeoning technology field.
- Today’s agreements also signal President Trump’s intent to accelerate Qatar’s defense investments within the U.S.-Qatar security partnership, enhancing regional deterrence while benefiting the U.S. industrial sector.
- The defense agreements finalized today ensure Qatar’s procurement of advanced military equipment from two leading U.S. defense firms.
- Raytheon, an RTX subsidiary, has secured a $1 billion contract for Qatar’s acquisition of counter-drone capabilities, making Qatar the first international client for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS), designed to neutralize unmanned aircraft. This deal promises to support high-skilled manufacturing and engineering positions in the U.S., reinforcing America’s standing in innovative defense technologies.
- General Atomics has finalized nearly $2 billion in agreements for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, a move that is set to strengthen U.S.-Qatar ties while providing the Qatari Armed Forces with the world’s most advanced multi-mission remotely piloted aircraft, all powered by American-made products.
- The United States and Qatar have also agreed to a statement of intent aimed at further bolstering their security partnership, outlining potential investments exceeding $38 billion, including support for burden-sharing at Al Udeid Air Base and future enhancements in air defense and maritime security capabilities.
- These new agreements aim to stimulate growth in the U.S.-Qatar commercial relationship, generating thousands of well-paying jobs and unlocking new trade and investment avenues for both nations in the coming decade and beyond.
FOSTERING PROSPERITY THROUGH ENHANCED TRADE AND INVESTMENT: The United States and Qatar share a robust history of trade and a strong commercial partnership, including significant long-term investments in aviation, critical infrastructure, information technology, and consulting services.
- Qatar’s strategic ambitions, as outlined in the Qatar National Vision 2030, present numerous opportunities for U.S. businesses across various sectors.
- In 2024, the United States enjoyed a $2 billion trade surplus with Qatar, maintaining a positive trade balance since 2003.
- In 2024, total U.S.-Qatar trade reached $5.64 billion, comprising $3.8 billion in U.S. exports and $1.8 billion in imports from Qatar.
- Qatar’s greenfield investments in the United States totaled $3.3 billion in 2023, focusing on sectors such as hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.
- This visit enhances opportunities for U.S. companies to strengthen established partnerships while Qatari entities adopt U.S. technologies and best practices, culminating in new agreements for significant sales and investments.
- Qatar has made substantial investments in the United States across various sectors, including hotels and tourism, financial services, technology, healthcare, and energy, with plans to ramp up investments over the next five years. Such endeavors bolster the U.S. economy by creating well-paying jobs for millions of American workers, expanding U.S. exports, and funding research and development initiatives.
- Boasting the third-largest proven natural gas reserves globally, Qatar has invested heavily in American energy infrastructure, directly contributing to U.S. energy security and industrial resilience.
- Since 2019, QatarEnergy has initiated $18 billion in investments within the U.S. energy sector, including ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion), both strategically located on the Texas Gulf Coast.
- Qatar ranks as the 12th largest partner in Foreign Military Sales for the U.S., with active contracts exceeding $26 billion.
- Qatar’s extensive investments and trade relationships with the United States significantly contribute to economic growth and prosperity for both nations, while Qatar’s commitment to U.S. industry solutions aligns with America’s strategic goal of expanding its industrial footprint throughout the Gulf region.
THE ART OF THE DEAL: President Trump is securing billions in investments aimed at revitalizing American manufacturing, delivering on his promise to bring back “Made in America” while heralding a new era of prosperity.
- This announcement follows yesterday’s staggering $600 billion investment commitment secured in Saudi Arabia.
- It also comes on the heels of a historic trade agreement with the United Kingdom and a joint initiative with China to lower reciprocal tariffs.
- By securing these investments, President Trump is catalyzing a manufacturing renaissance, spurring economic growth, and creating high-paying jobs nationwide.
- Before this landmark deal, President Trump had already attracted trillions in U.S.-based investments, laying the groundwork for an unprecedented era of American prosperity.
- Trump’s record of success with Qatar is exemplified by his leadership in the 2019 GE Aerospace GEnx engine sale, which powered Qatar Airways’ then-newly acquired Boeing 787-9 aircraft—a monumental milestone for both companies.
- As the self-proclaimed dealmaker in chief, President Trump’s latest achievement in Qatar is yet another victory for America.
