David Sacks, the United States Special Advisor on Artificial Intelligence and Cryptocurrency, met recently with Sheikh Mohamed bin Zayed bin Sultan Al Nahyan, the ruler of Abu Dhabi.
On March 21, Sultan Al Nahyan, often referred to as MbZ, posted on X a picture of him meeting with Sacks, saying, “I explored with @davidsacks47, the Special Advisor on AI and Crypto, the transformative effects of artificial intelligence across various sectors, the expanding role of digital currencies in reshaping financial systems, and the investment opportunities emerging at their convergence.”
He added “As technological advancements accelerate, fostering collaboration and adopting forward-looking strategies remain essential pillars for driving sustainable growth and achieving long-term impact.”
This meeting comes amid the United Arab Emirates (UAE) announcement of a $1.4 trillion 10-year investment framework with the United States.
The investment will significantly increase the UAE’s investments in crucial sectors of the American economy, such as AI infrastructure, semiconductors, energy, and U.S. manufacturing.
According to Reuters, U.S. partner Energy Capital Partners and UAE investment fund ADQ announced a $25 billion commitment to energy infrastructure and data centers under this framework.
Furthermore, XRG, a unit of the United Arab Emirates state oil company ADNOC, agreed to promote U.S. natural gas output and exports with an investment in the NextDecade liquefied natural gas export facility.
