
RIL chairman Mukesh Ambani meets US President Trump for second time in five months
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While no formal business talks were reportedly scheduled, according to a Reuters report, Ambani’s presence underscored his deepening strategic ties with both U.S. and Qatari leadership. His
conglomerate Reliance Industries maintains significant business relationships with both countries. The Qatar Investment Authority (QIA), the Gulf nation’s sovereign wealth fund, has invested
around $1 billion in Reliance Retail. On the U.S. front, tech giants Google and Meta are among investors in Ambani’s digital ventures.
Reliance, which operates across energy, retail, and telecom, has previously benefited from U.S. policy decisions under Trump. The firm resumed Venezuelan crude imports in 2024 after
receiving U.S. waivers but, had to halt shipments in March this year following Trump’s 25% tariff on countries importing oil from the South American nation.
The Ambani family has maintained warm ties with the Trumps for years. Mukesh and Nita Ambani attended Trump’s second inauguration in January, as well as a pre-inauguration dinner with Vice
President J.D. Vance and his wife Usha. The family also hosted Ivanka Trump, Jared Kushner, and their daughter Arabella at the opulent pre-wedding festivities of Anant Ambani and Radhika
Merchant in March 2024.
The dinner, part of Trump’s ongoing three-day visit to the Middle East, brought together a select group of global business and political leaders, including Boeing CEO Kelly Ortberg, Tesla
CEO Elon Musk, and FIFA President Gianni Infantino. During the visit, Trump signed an agreement with Qatar aimed at generating $1.2 trillion in economic exchange. He also announced more than
$243.5 billion in business deals between U.S. and Qatari companies, including a $96 billion order from Qatar Airways for up to 210 Boeing 787 and 777X aircraft powered by GE Aerospace
engines. This is Boeing’s largest widebody and 787 order to date and is expected to support 154,000 U.S. jobs annually during the contract period.
Other deals include McDermott’s $8.5 billion in ongoing energy projects with Qatar Energy, Parsons securing 30 projects worth up to $97 billion, and a $1 billion joint venture between
quantum computing firm Quantinuum and Qatari firm Al Rabban Capital. These agreements span sectors such as aviation, energy, infrastructure, and technology.
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