During U.S. President Donald Trump’s Gulf tour, he signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including a historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.
“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,” said the White House.
The deal with Qatar comes after Trump signed a $600 billion agreement with Saudi Arabia and a $1.4 trillion commitment with the UAE earlier this year. But what does the agreement with Qatar include?
Qatar Airways inks $96 billion agreement
The first agreement announced during Trump’s visit to Qatar was a deal between Qatar Airways and Boeing and GE Aerospace. Qatar Airways signed a $96 billion agreement with the two companies 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. This historic agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the United States during the course of production and delivery of this deal.
Qatar Energy and McDermott join hands
The White House also announced that 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 U.S. energy sector jobs.
During the visit, Parsons also successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.
$1 billion investment in quantum technologies
Quantinuum also finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company. Qatar will invest up to $1 billion in state-of-the-art quantum technologies and workforce development provided by the Joint Venture, supporting U.S. and Qatari jobs and leadership in this critical emerging technology.
Trump and Qatar also signed major defence agreements.
Read: Trump secures $600 billion investment commitment in Saudi Arabia, says White House
U.S.-Qatar trade surplus hits $2 billion in 2024
The United States and Qatar have a long history of trade and a strong commercial relationship, including significant long-term aviation, critical infrastructure, information technology and consulting deals. The United States had a $2 billion trade surplus with Qatar in 2024 and has had a positive trade balance with Qatar since 2003.
In 2024, U.S.-Qatar trade totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion in Qatari imports. In addition, Qatar’s greenfield investment in the United States totaled $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services and oil and gas.
