President Donald J. Trump has secured a significant economic commitment with Qatar, marking an agreement valued at $1.2 trillion. The announcement includes over $243.5 billion in economic deals between the United States and Qatar, highlighted by a major sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.
These agreements are expected to drive innovation and bolster American manufacturing, creating substantial job opportunities in the U.S. "The landmark deals celebrated today will drive innovation and prosperity for generations," according to the press release.
Boeing and GE Aerospace have secured a historic order from Qatar Airways worth $96 billion for up to 210 Boeing 787 Dreamliner and 777X aircraft powered by GE engines. This deal is noted as Boeing's largest-ever widebody order, supporting 154,000 U.S. jobs annually.
McDermott continues its partnership with Qatar Energy on projects valued at $8.5 billion, directly supporting thousands of U.S. energy sector jobs. Parsons has won contracts worth up to $97 billion, fueling company growth and supporting jobs across the United States.
Quantinuum has finalized a joint venture with Al Rabban Capital involving a Qatari investment of up to $1 billion in quantum technologies, which will support jobs in both countries.
Defense deals were also signed to enhance the U.S.-Qatar security partnership. Raytheon secured a $1 billion agreement for counter-drone capabilities, while General Atomics agreed on nearly $2 billion for MQ-9B remotely piloted aircraft systems.
The United States and Qatar signed a statement of intent outlining potential investments exceeding $38 billion related to defense capabilities.
The agreements aim to strengthen trade relations between the two nations, fostering job creation and new investment opportunities over the next decade.
Qatar's strategic goals outlined in its National Vision 2030 present further opportunities for U.S. businesses across various sectors including aviation, infrastructure, IT, and consulting.
In 2024, U.S.-Qatar trade totaled $5.64 billion with a positive trade balance favoring the United States since 2003. In recent years, Qatar has invested significantly in American industries such as hotels, technology, healthcare, and energy.
QatarEnergy's investments starting in 2019 include major projects like ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion).
President Trump's announcement builds on previous commitments including those made recently in Saudi Arabia ($600 billion) and historic agreements with the UK and China aimed at reducing tariffs.
"By securing these investments," stated President Trump’s office, "he is spurring a manufacturing renaissance."
This latest achievement follows his leadership in past significant sales such as the GE Aerospace GEnx engine deal for Qatar Airways' Boeing 787-9 aircraft in 2019.