Trump signs $1.2 trillion economic deal with Qatar: White House
The White House announced today a series of significant economic and defense agreements between the United States and Qatar, marking a milestone in strengthening bilateral relations, according to a White House statement.
The announcement includes major economic deals totaling approximately USD 202.5 billion, aimed at fueling US manufacturing, innovation, and technological leadership.
Key agreements include a landmark USD 96 billion deal between Boeing, GE Aerospace, and Qatar Airways for up to 200 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE engines. This deal, one of the largest widebody orders for Boeing, is expected to support approximately 154,000 US jobs annually during production, contributing significantly to the US economy over the course of aircraft delivery.
In addition to the aviation deal, Parsons secured 30 projects worth up to USD 97 billion, expanding the company’s growth and reinforcing America’s leadership in cutting-edge engineering.
These projects are anticipated to support thousands of US jobs. McDermott is engaged in active projects with QatarEnergy, valued at approximately USD 8.5 billion, supporting US energy sector jobs, though specific details remain under confirmation.
Furthermore, Quantinuum is pursuing a potential joint venture with Al Rabban Capital, a Qatari company, with proposed investments of up to USD 1 billion in quantum technologies and workforce development in the US, pending final agreements.
Defense cooperation between the two countries has also been bolstered. Qatar secured a USD 1 billion agreement for counter-drone technology from Raytheon, establishing Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS). Additionally, Qatar signed a nearly USD 2 billion deal for MQ-9B remotely piloted aircraft systems from General Atomics.
These defense agreements enhance US-Qatar security ties and support US manufacturing and engineering jobs.
The two countries also signed a statement of intent to further strengthen their security partnership, outlining up to USD 38 billion in potential future investments in defense capabilities, air defense, and maritime security, including support for Al Udeid Air Base.
The US-Qatar trade relationship continues to grow steadily. In 2024, the US recorded an estimated USD 2 billion trade surplus with Qatar, with total trade reaching approximately USD 5.6 billion, based on preliminary data.
According to the statement Qatar has made significant investments in US energy infrastructure, including USD 18 billion since 2019 through QatarEnergy’s partnerships in the Golden Pass LNG Terminal (USD 10 billion) and the Golden Triangle Polymers Plant (USD 8 billion) on the Texas Gulf Coast. These investments enhance the energy security of both nations.
