Page 297 - MOE ENGLISH PR - MAY 2024

5/30/24, 8:42 AM H.E. Bin Touq Meets With Miami Business Council Members As Well As Senior Officials & Investment Funds In The States Of Flori…
H.E Bin Touq also visited the University of Miami’s technology incubator to learn about its successful experiences
in the fields of economics, scientific research, technology, and artificial intelligence. He was received by Mr. Julio
Frenk, President of the University of Miami, and a number of other university officials. During a meeting, the two
sides touched on the importance of taking advantage of the rapid technological developments in promoting the
future growth of startups and innovators and providing them with all enablers for growth and prosperity. He added
that the UAE offers a competitive business environment for entrepreneurs and startups, and that for the third
consecutive year, the country ranked first in the Global Entrepreneurship Monitor (GEM) report 2023-2024, and
as the best destination to establish new businesses and economic activities.

Strengthening cooperation with the American private sector

In addition, H.E Bin Touq’s visit to the states of New York and Florida saw a number of meetings with
representatives of the American private sector. These include companies, financial institutions and investment
funds such as Ventures 305, DaGrosa Capital Partners, Ava Labs, Teneo, United States Patent and Trademark
Office, Viking Global, General Catalyst, JPMorgan, I Squared Capital, O’Leary Ventures and Medina Ventures.

During these meetings, H.E. called on American companies and financial institutions to capitalize on the
advantages and potential offered by the UAE economy, as well as flexible tax facilities and incentives available to
businessmen, investors, and entrepreneurs when establishing various economic activities and businesses in the
country’s markets. H.E noted that the flexible economic policies adopted by the UAE over the last three years
have made it a fertile ground for the growth of businesses in the domestic market and their expansions to other
foreign markets. The total number of companies operating in the UAE exceeded 788,000 by the end of 2023.

https://menews.ae/news/h-e-bin-touq-meets-with-miami-business-council-members-as-well-as-senior-officials-investment-funds-in-the-states-of-florida… 3/3