UAE Stands by $1.4 Trillion US Investment Pledge Despite War

The United Arab Emirates’ ambassador to the US threw his weight behind his country’s massive investment plans in America, amid concerns that a prolonged war with Iran could strain government finances across the Persian Gulf.

In a March 17 letter to the US-UAE Business Council, Yousef Al Otaiba said the investment pledges announced last year would continue without disruption.

“The UAE’s $1.4 trillion investment and economic framework with the US will stay on track with plans to accelerate deployment and funding,” Al Otaiba wrote.

Yousef Al Otaiba

Photographer: David Paul Morris/Bloomberg

The message comes amid concerns that the conflict could slow Gulf investment abroad, as ...