RESTORING AMERICAN MANUFACTURING AND INNOVATION LEADERSHIP:
During his visit to Qatar today, President Donald J. Trump finalized a major economic pact with the nation, establishing an exchange valued at no less than $1.2 trillion. Alongside this agreement, President Trump revealed new commercial partnerships exceeding $243.5 billion between U.S. and Qatari entities, notably featuring a landmark transaction involving the sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.
These transformative agreements are expected to generate long-term growth, boost U.S. innovation, support manufacturing industries, and pave the way for a renewed era of economic achievement in America.
Since entering office, President Trump has prioritized domestic manufacturing and technological advancement, drawing in trillions of dollars through international investments and commercial partnerships. Countries like Qatar have joined in America’s economic rise, reinforcing strategic and economic alliances.
Below are several key agreements celebrated today in Qatar:
- Boeing and GE Aerospace finalized a groundbreaking $96 billion deal with Qatar Airways to deliver up to 210 U.S.-built Boeing 787 Dreamliners and 777X aircraft, all equipped with engines made by GE Aerospace. This order marks Boeing’s largest widebody and 787 deal to date. The project is expected to sustain approximately 154,000 American jobs annually, amounting to over 1 million jobs throughout the deal’s full execution.
- McDermott continues a strong collaboration with QatarEnergy, actively working on seven vital infrastructure projects valued at $8.5 billion. McDermott, as the exclusive supplier of offshore components for Qatar’s major LNG expansion, is contributing to thousands of energy-related jobs within the United States.
- Parsons Corporation has won contracts for 30 major projects worth up to $97 billion, significantly expanding their operations and supporting U.S. employment in high-tech engineering and design.
- Quantinuum entered into a Joint Venture with Al Rabban Capital of Qatar, pledging up to $1 billion in investment for quantum technologies and workforce training in the U.S.—strengthening leadership in this emerging tech field while creating American jobs.
In addition, President Trump announced expanded defense cooperation between the two nations, further solidifying the U.S.-Qatar strategic security relationship.
- Raytheon, under RTX, secured a $1 billion contract with Qatar to provide counter-drone systems, marking Qatar as the first international buyer of the Fixed Site-Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS). This deal will enhance U.S. defense innovation and support skilled American manufacturing jobs.
- General Atomics finalized a nearly $2 billion deal for Qatar to acquire MQ-9B remotely piloted aircraft systems, the world’s most advanced multi-role drones. The systems, fully developed and manufactured in the U.S., will deepen military ties and ensure regional stability.
A new statement of intent was signed to expand the bilateral security partnership, envisioning more than $38 billion in potential future investments, including upgrades to Al Udeid Air Base and improvements in air and maritime defense systems.
These agreements aim to significantly expand U.S.-Qatar commercial engagement, create thousands of high-quality American jobs, and lay the groundwork for enduring trade and investment across the next decade.
UNLOCKING GROWTH THROUGH STRONGER TRADE AND INVESTMENT:
The United States and Qatar have nurtured a robust commercial partnership spanning various sectors including aviation, infrastructure, IT, and professional services.
Qatar’s National Vision 2030 lays the groundwork for American firms to explore fresh investment and trade opportunities across numerous industries.
In 2024, the U.S. recorded a $2 billion trade surplus with Qatar, continuing a positive trade trend that began in 2003. Total bilateral trade reached $5.64 billion, with U.S. exports totaling $3.8 billion and Qatari imports $1.8 billion.
Qatari greenfield investment in the U.S. reached $3.3 billion in 2023, focused on hospitality, information technology, advanced manufacturing, finance, and energy sectors.
This visit has created momentum for American companies to expand existing ties while offering Qatari firms access to U.S. technology and best practices through new investment agreements.
Qatar’s presence in the U.S. economy spans tourism, financial services, tech, healthcare, and energy, with plans to ramp up these investments over the coming five years. These initiatives are strengthening the American labor market, boosting exports, and helping fund key R&D efforts.
With the world’s third largest proven reserves of natural gas, Qatar has played a significant role in reinforcing U.S. energy independence and infrastructure.
Starting in 2019, QatarEnergy invested $18 billion in U.S. energy projects, including the $10 billion Golden Pass LNG Terminal (in collaboration with ExxonMobil) and the $8 billion Golden Triangle Polymers Plant (with Chevron Phillips Chemical), both located on Texas’ Gulf Coast.
Qatar is currently the 12th largest U.S. Foreign Military Sales partner, with active contracts valued at over $26 billion.
Its ongoing economic involvement across America supports mutual prosperity and advances Washington’s strategic aim of expanding industrial and defense capabilities across the Gulf.
MASTERING STRATEGIC DEALMAKING:
President Trump continues to secure massive investment commitments, revitalizing U.S. manufacturing and reaffirming his promise to restore “Made in America” greatness.
Today’s success in Qatar builds on yesterday’s $600 billion investment framework signed in Saudi Arabia, as well as other landmark agreements with the United Kingdom and China, including mutual tariff reductions.
These milestones are jumpstarting a new industrial renaissance, driving growth, and fueling high-income job creation across the country.
Long before this historic Qatar deal, President Trump had already attracted trillions in investments targeted at boosting U.S.-based industries, laying a durable foundation for sustained economic success.
The President’s record includes securing the 2019 GE Aerospace GEnx engine deal powering Qatar Airways’ Boeing 787-9 jets, a pivotal transaction for both companies.
With this latest breakthrough, President Trump reinforces his reputation as America’s foremost dealmaker, securing another significant victory for the nation’s economy and workforce.
