The United Arab Emirates will invest $1.4 trillion in the United States over 10 years following a meeting earlier this week between President Donald Trump and Sheikh Tahnoon Bin Zayed Al Nahyan, the UAE’s national security adviser, according to the White House.

“This new framework will substantially increase the UAE’s existing investments in the U.S. economy in AI infrastructure, semiconductors, energy, and American manufacturing,” the White House said in a statement Friday announcing the deal.