Trump clinched a $1.2 trillion US-Qatar pact in aviation, energy, and technology

Wed May 14 2025
Ramesh Sridharan (966 articles)
Trump clinched a $1.2 trillion US-Qatar pact in aviation, energy, and technology

Trump has successfully secured a $1.2 trillion deal between the US and Qatar, encompassing sectors such as aviation, energy, and technology. US President Donald Trump announced several agreements with Qatar valued at over $243.5 billion, alongside a broader economic exchange worth at least $1.2 trillion. Signed during a visit to Qatar, the agreements encompass a range of sectors, including aviation, energy, defence, and quantum technology. Emphasizing a significant Boeing-GE Aerospace transaction with Qatar Airways—marking Boeing’s largest widebody order to date—the agreements are projected to bolster over 1 million jobs in the US and enhance strategic collaboration between Washington and Doha.

The White House issued a statement on Wednesday declaring, “Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion.” President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including a historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways. The statement added, “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.” Allies such as Qatar are collaborating in the success of the United States.

Boeing and GE Aerospace have achieved a significant milestone with Qatar Airways, finalizing a $96 billion deal for the acquisition of up to 210 American-manufactured Boeing 787 Dreamliner and 777X aircraft, which will be equipped with GE Aerospace engines. This represents Boeing’s most substantial widebody order to date, as well as its largest order for the 787 model. This landmark agreement is projected to sustain 154,000 jobs in the United States each year, culminating in over 1 million jobs throughout the production and delivery phases of this arrangement. The White House has announced that Qatar is set to invest up to USD 1 billion in advanced quantum technologies and workforce development through the Joint Venture, thereby bolstering job creation and leadership in this vital emerging sector for both the US and Qatar.

“Today’s signings signify President Trump’s commitment to expedite Qatar’s defense investment within the US-Qatar security partnership—strengthening regional deterrence and providing advantages to the US industrial base.” The defense agreements finalized today ensure Qatar’s acquisition of advanced military technology from two prominent US defense firms,” the White House stated.

Raytheon, an RTX business, has finalized a USD 1 billion agreement concerning Qatar’s procurement of counter-drone capabilities, a deal endorsed by both the US and Qatari governments. This agreement positions Qatar as the inaugural international client for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS), which is engineered to neutralize unmanned aerial vehicles. The agreement directly bolsters high-skilled manufacturing and engineering employment in the United States, while simultaneously strengthening America’s position as a leader in innovative defense technologies.

General Atomics has finalized a nearly USD 2 billion deal for Qatar’s procurement of the MQ-9B remotely piloted aircraft system, as confirmed by the signing of the agreement between the US and Qatari governments. This agreement will enhance the bilateral relationship between the US and Qatar, equipping the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft globally, utilizing US-made products manufactured in America.

The United States and Qatar have formalized a statement of intent aimed at enhancing their security partnership, detailing potential investments exceeding USD 38 billion. This includes provisions for burden-sharing at Al Udeid Air Base and future defense capabilities concerning air defense and maritime security. The White House stated, “These new agreements and instruments aim to drive the growth of the US-Qatar bilateral commercial relationship, create thousands of well-paying jobs, and open new trade and investment opportunities for both countries over the coming decade and beyond.”

The US president is currently engaged in a four-day journey to the Gulf region, commencing with a visit to Saudi Arabia. Notably, this nation also served as the location for his inaugural state visit during his first term in office, spanning from 2016 to 2020. His final destination would be the UAE.

Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai