The U.S. and Qatar have agreed to major deals, which were signed at the White House in the presence of US president Donald Trump, and Qatar’s emir, Sheikh Tamim bin Hamad Al Thani.
“They’re investing very heavily in our country. They’re creating a lot of jobs. They’re buying tremendous amounts of military equipment including planes.”Donald Trump
What deals did Qatar signed with the U.S.?
Qatar Petroleum, the state-owned petroleum company, and US energy giant Chevron Phillips Chemical, signed a deal to build a world class petrochemical plant in the US Gulf Coast by 2024. The project is valued at USD 8 billion and Chevron Philipps Chemical will be the majority owner. An agreement was signed on Tuesday at the White House by Qatar’s energy minister Saad al-Kaabi and Chevron Phillips Chemial CEO Mark Lashier.
Qatar Airways, Qatar’s national airline, agreed to buy five Boeing 777 and large-cabin aircraft from Gulfstream Aerospace. The agreement was signed by Qatar Airways’s Group’s CEO Akbar al-Baker and Boeing’s CEO Kevin McAllister. Qatar Airways also agreed to buy GE Aviation’s GEnx engine to power its new Boeing 787-9 aircraft. The deals are worth more than USD 5 billion according to Bloomberg. The agreement was signed by Qatar Airways’s Akbar al-Baker and GE Aviation President and CEO David Joyce.
Qatar Airways and GE Aviation signed multiple agreements yesterday for GE engines. As part of the agreements, Qatar Airways selected the GEnx engine to power its 30 new Boeing 787-9 aircraft along with a TrueChoiceTM Flight Hour agreement to cover the maintenance, repair and overhaul (MRO) of the engines.
Qatar Airways is one of the fastest growing airlines in the world, and GE Aviation is proud to collaborate with Qatar Airways and play a significant role in their growth”David Joyce, President and CEO of GE Aviation
Qatar is still facing a crisis with four of his neighbourhood, following a Saudi-led blockade that aimed at bringing the gas-rich country to its heels. As the world’s largest exporter of liquefied natural gas (LNG), Qatar has diversified its partnership since the blockade started, more than two years ago.