The UAE plans to increase the value of its energy investments in the US to $440 billion over the next decade, it said on Friday – boosting US President Donald Trump’s efforts to secure major business deals on his Gulf tour. The plan was announced during a presentation by Dr Sultan Al Jaber, chief executive and managing director of Adnoc and executive director of investment company XRG. The enterprise value of UAE investments in the US energy sector will be boosted to $440 billion by 2035 from $70 billion now, Dr Al Jaber, who is also UAE Minister of Industry and Advanced Technology, told Mr Trump.
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