SME Times is powered by   
Search News
Just in:   • How EU-India FTA goes beyond tariffs to strategic trust  • Crude oil prices fall up to 2 pc, head for steep weekly losses  • India, UK explore new opportunities to deepen economic, trade cooperation: Piyush Goyal  • Amazon’s $48 billion investment in India to create new opportunities for youth: PM Modi  • "A Call for AI Democracy: Nadella Warns Against Concentrated Power" 
Last updated: 15 May, 2025  

qatar.jpg US announces $243.5 bn deals with Qatar

qatar.jpg
   Top Stories
» How EU-India FTA goes beyond tariffs to strategic trust
» India, UK explore new opportunities to deepen economic, trade cooperation: Piyush Goyal
» Amazon’s $48 billion investment in India to create new opportunities for youth: PM Modi
» 11th BRICS Energy Ministers' meet to be held in Gurugram today
» PM Modi reviews Rs 30,000-crore infra projects, stresses faster execution
Staff Reporter

The US has announced deals totaling more than $243.5 billion with Qatar, calling the series of agreements with the Gulf Arab country will generate an economic exchange worth at least $1.2 trillion.

The White House said in a press statement on Wednesday that Boeing and GE Aerospace secured a $96 billion agreement to sell Qatar Airways up to 210 Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines.

The White House noted it is "Boeing's largest-ever widebody order and largest-ever 787 order".

"The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age," the White House said.

Trump has focused much of his energy on the trip in securing investment dollars, while praising Gulf states for seeking a deeper partnership with the US, Xinhua news agency reported.

American multinational technology-focused defence, intelligence, and infrastructure engineering firm Parson won 30 projects worth up to $97 billion in Qatar, while energy services company McDermott secured seven active projects worth $8.5 billion. Quantinuum finalised a joint venture agreement with Al Rabban Capital, a prominent Qatari company, to invest up to $1 billion in state-of-the-art quantum technologies and workforce development in the US, according to the press statement.

The US and Qatar also signed a series of defence cooperation agreements, including a $1 billion agreement with Raytheon for Qatar's acquisition of counter-drone capabilities and a nearly $2-billion agreement with General Atomics for Qatar's acquisition of the MQ-9B remotely piloted aircraft system.

In addition, the two countries signed a statement of intent to further strengthen their security partnership, outlining more than $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defence capabilities related to air defence and maritime security.

Al Udeid Air Base is reportedly the largest US military base in the Middle East.

US President Donald Trump on Wednesday landed in Doha, Qatar, on the second day of his Middle East tour after his visit in Saudi Arabia on Tuesday.

In 2022, Qatar became the third country in the Gulf region, after Bahrain and Kuwait, to be designated a major non-NATO ally by the US.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹95.3
₹93.6
UK Pound
₹127.7
₹123.7
Euro
₹110.65
₹106.9
Japanese Yen ₹59.75 ₹57.9
As on 24 Jun, 2026
  Daily Poll
What’s your biggest challenge with the 45-day payment rule?
 Corporates canceling our orders
 Clients demanding longer credit anyway
 Strained business relationships
 Filing complaints kills future work
 No issues, cash flow has improved
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter