US Secures $1.2 Trillion Economic Commitment from Qatar

The US President Donald Trump has signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion.

President Trump also announced economic deals totalling more than $243.5 billion between the US and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways, the White House said on Wednesday.  

Since President Trump took office, his commitment to American manufacturing and innovation has attracted trillions of dollars in investments and global commercial deals. Allies like Qatar are partnering in the success of the US.

The White House said that Boeing and GE Aerospace secured a landmark order from Qatar Airways, a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines.

This is Boeing’s largest-ever widebody order and largest-ever 787 order and this historic agreement will support 154,000 US jobs annually, totalling over 1 million jobs during the course of production and delivery of this deal.

The Houston-based McDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar’s major LNG expansion, McDermott’s work directly supports thousands of US energy sector jobs.

Another US firm Parsons, the multinational technology-focused defence, intelligence, and infrastructure engineering firm, has won 30 projects worth up to $97 billion. These high-value engagements have fuelled significant company growth, supporting thousands of jobs across the US and reinforcing American leadership in cutting-edge engineering and innovation.

Quantinuum also finalised a Joint Venture (JV) agreement with Al Rabban Capital, a prominent Qatari company and Qatar will invest up to $1 billion in state-of-the-art quantum technologies and workforce development provided by the JV, supporting the US and Qatari jobs and leadership in this critical emerging technology. 

Today’s signings mark President Trump’s intent to accelerate Qatar’s defence investment in the US-Qatar security partnership enhancing regional deterrence and benefitting the US industrial base. The defence deals lock in Qatar’s procurement of state-of-the-art military equipment from two leading US defence companies.

Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the US and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft.

General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system and the deal will strengthen the bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by US products made in America.

The US and Qatar also agreed to further strengthen the security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid air base and future defence capabilities.

Bilateral Trade

Qatar’s strategic goals outlined in Qatar National Vision 2030 create opportunities for the US businesses in multiple sectors. The US had a $2 billion trade surplus with Qatar in 2024 and has had a positive trade balance with Qatar since 2003.

In 2024, the US-Qatar trade totalled $5.64 billion, with $3.8 billion in US exports and $1.8 billion in Qatari imports. Qatar’s greenfield investment in the United States was $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.

Since 2019, QatarEnergy initiated $18 billion in investments in the US energy sector with ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion), both located on the Texas Gulf Coast.

President Trump is building on his record of success with Qatar, exemplified by his leadership in the 2019 GE Aerospace GEnx engine sale to power Qatar Airways’ then-newly acquired Boeing 787-9 aircraft—a monumental purchase in the history of both companies.