The Minister of State for Foreign Trade of the United Arab Emirates has announced that the country and the United States continue to explore ways to strengthen their strategic cooperation in the field of advanced technologies and innovation.
Publish dateThursday 9 January 2025 - 22:54
According to Amac News: Minister of State for Foreign Trade Dr. Thani bin Ahmad Al Zeyoudi met with senior American officials and business leaders during his visit to the CES 2025 exhibition in Las Vegas, which is one of the leading global events in the field of technology.
According to Al Zeyoudi, the talks emphasized the UAE's commitment to strengthening technological ties with the United States and establishing its position as a global center of innovation, artificial intelligence and advanced technologies.
During the trip Al Zeyoudi spoke with senior U.S. officials, including Nevada Lieutenant Governor Steward Anthony, and representatives from the Nevada Governor's Office of Economic Development, the US Chamber of Commerce, and the Las Vegas Chamber of Commerce.
Discussions focused on improving long-term UAE-US technology partnerships, exploring opportunities for collaboration and promoting the UAE's added value, which includes advanced infrastructure, a skilled workforce and a business-friendly ecosystem. This ecosystem serves as a gateway to fast-growing markets in the Middle East, Africa and Asia.
"The UAE's dynamic technology and ecosystem, supported by initiatives such as Next Generation FDI, will provide new opportunities for US companies looking to expand their operations and access high-growth markets," Al Zeyoudi said. The total investment of the UAE in the United States has now reached more than 35 billion dollars, and the authorities of the two countries are trying to create more opportunities for businesses and investors.
Additionally, he participated in a panel discussion on current geopolitical trends and challenges, offering a positive outlook for global trade and noting the UAE's role in connecting markets and facilitating trade flows.
He emphasized that through its Comprehensive Economic Agreement (CEPA) program, the UAE is actively expanding trade relations and increasing connectivity with strategic global markets.
During the three-day trip, Al Zeyoudi met with senior executives from leading technology companies in the fields of artificial intelligence, healthcare and automotive technologies, including major industry players such as Accenture, Qualcomm, Consumer Technology Association, Skylo and MGM Resorts International.
The United States is the UAE's fourth largest trading partner globally, accounting for 4.8% of the UAE's total non-oil trade.
In the first nine months of 2024, bilateral non-oil trade reached $28.3 billion, representing a 46.2 percent growth over the same period in 2019.
The UAE is the United States' most important trading partner in the Arab world, with bilateral trade accounting for 27% of US trade with the region.
In terms of investment, the UAE has $35 billion in foreign direct investment (FDI) in the United States, representing more than 50% of the total FDI from Arab countries in the United States by the end of 2023. US investments in the UAE had reached more than $5 billion by the end of 2022.
According to Al Zeyoudi, the talks emphasized the UAE's commitment to strengthening technological ties with the United States and establishing its position as a global center of innovation, artificial intelligence and advanced technologies.
During the trip Al Zeyoudi spoke with senior U.S. officials, including Nevada Lieutenant Governor Steward Anthony, and representatives from the Nevada Governor's Office of Economic Development, the US Chamber of Commerce, and the Las Vegas Chamber of Commerce.
Discussions focused on improving long-term UAE-US technology partnerships, exploring opportunities for collaboration and promoting the UAE's added value, which includes advanced infrastructure, a skilled workforce and a business-friendly ecosystem. This ecosystem serves as a gateway to fast-growing markets in the Middle East, Africa and Asia.
"The UAE's dynamic technology and ecosystem, supported by initiatives such as Next Generation FDI, will provide new opportunities for US companies looking to expand their operations and access high-growth markets," Al Zeyoudi said. The total investment of the UAE in the United States has now reached more than 35 billion dollars, and the authorities of the two countries are trying to create more opportunities for businesses and investors.
Additionally, he participated in a panel discussion on current geopolitical trends and challenges, offering a positive outlook for global trade and noting the UAE's role in connecting markets and facilitating trade flows.
He emphasized that through its Comprehensive Economic Agreement (CEPA) program, the UAE is actively expanding trade relations and increasing connectivity with strategic global markets.
During the three-day trip, Al Zeyoudi met with senior executives from leading technology companies in the fields of artificial intelligence, healthcare and automotive technologies, including major industry players such as Accenture, Qualcomm, Consumer Technology Association, Skylo and MGM Resorts International.
The United States is the UAE's fourth largest trading partner globally, accounting for 4.8% of the UAE's total non-oil trade.
In the first nine months of 2024, bilateral non-oil trade reached $28.3 billion, representing a 46.2 percent growth over the same period in 2019.
The UAE is the United States' most important trading partner in the Arab world, with bilateral trade accounting for 27% of US trade with the region.
In terms of investment, the UAE has $35 billion in foreign direct investment (FDI) in the United States, representing more than 50% of the total FDI from Arab countries in the United States by the end of 2023. US investments in the UAE had reached more than $5 billion by the end of 2022.
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Source : news agency wam
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