Qatar and US Sign Defence and Trade Deals Worth $243.5B
Qatar and the US inked massive defence and trade agreements worth over $243 billion, marking a milestone in economic and strategic cooperation.
- Publish date: since 7 hours
Qatar and the US signed a series of defence and trade deals on Wednesday, May 14, after US President Donald Trump arrived in the country.
The deals came after the talks between the US President and the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, during the first state visit by a US President to Qatar.
Qatar Airways finalized an agreement with Boeing and GE Aerospace to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft, which are powered by GE Aerospace. The deal is valued at $96 billion.
Qatar will also acquire "counter-drone" capabilities from the US defence company, Raytheon. The deal is valued at one billion dollars and will help Qatar advance its defence system.
In addition to these agreements, the Gulf country will acquire MQ-9B drones from General Atomics in a deal worth two billion dollars.
The White House said on Wednesday evening that the deal the US and Qatar signed on Wednesday will "generate an economic exchange worth at least $1.2 trillion."
Read More: 10 Must-Visit Places in Georgia
The countries signed economic deals worth $243.5 billion, which include the Qatar Airways-Boeing deal, weapons acquisitions, and agreements for natural gas and quantum technologies.
Both countries have also signed a statement of intent, which highlighted over $38 billion in potential investments, which include support for burden-sharing at Al Udeid Air Base and future air defence and maritime security.