Khaldoon Al Mubarak, Chairman of the UAE Executive Affairs Authority and Managing Director of Mubadala, sat down with US Vice President JD Vance in Washington, D.C., to assess progress on a 10-year, $1.4 trillion economic and technology framework between the two countries. The meeting, which took place around June 5, 2026, is the latest checkpoint on what may be the most ambitious bilateral economic agreement in recent memory.
The numbers so far
The framework was originally unveiled on March 21, 2025, following discussions that included President Trump and Sheikh Tahnoon bin Zayed Al Nahyan. It committed the UAE to sweeping investments across sectors that Washington considers strategically vital: artificial intelligence, semiconductors, energy, and rare earth minerals.
In its first year, the UAE posted a $23.8 billion trade surplus with the US. Total bilateral trade between the two nations hit $39 billion by the end of 2025.
Al Mubarak’s meeting with Vance reportedly focused on operational efficiencies across priority sectors and reinforced existing agreements, including the US-UAE AI Acceleration Partnership. That partnership, part of the broader framework, is aimed at building out AI compute infrastructure and data center capacity, areas where the UAE has been aggressively expanding through entities like G42 and Mubadala’s own portfolio.
