U.S., Qatar deals to generate $1.2tn in economic exchange

Agreements signed by US President Donald Trump and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani on Wednesday will "generate an economic exchange worth at least $1.2 trillion", the White House said in a fact sheet summarizing some of the deals' details.

- Bloomberg

DOHA:

The agreements include a $96 billion deal with Qatar Airways to buy up to 210 Boeing 787 Dreamliner and 777X airplanes with GE Aerospace engines, the fact sheet said. They also include a statement of intent that could lead to $38 billion in investments at Qatar's Al Udeid Air Base and other air defense and maritime security capabilities, it said.

"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," the White House said.

General Atomics also secured a nearly $2 billion agreement for Qatar to acquire MQ-9B drones, according to the White House.

And the two countries signed a statement of intent to bolster security partnerships that outlines over $28 billion in potential investments.