Page 36 - MOE ENGLISH PR - MAY 2024

Press Release

H.E. bin Touq meets with Miami Business Council members as well
as senior officials & investment funds in the states of Florida and

New York

Minister of Economy calls on American private sector to take advantage of the
opportunities & incentives offered by the UAE economy

Abu Dhabi, 27 May 2024:

H.E. Abdulla bin Touq Al Marri, Minister of Economy, held a roundtable meeting with members
of the Miami Business Council in Miami County, Florida, on the sidelines of his official visit to
the United States of America. The meeting apprised the Council members of the UAE's business
environment and encouraged them to explore investment and partnership opportunities in the
country’s market. The discussions also focused on fostering collaboration to create new avenues
for growth that enhance the dialogue between the UAE and American private sectors.
Economic partnership between UAE and Florida

H.E. Bin Touq highlighted the robust and longstanding bilateral ties between the UAE and the
state of Florida, which is witnessing continuous growth in the economic and investment sectors.
Florida's exports to the UAE reached approximately USD 6.3 billion from 2019 to 2023, marking
a remarkable annual growth of 39 per cent and reaching USD 1.9 billion in 2023. Furthermore, the
economic partnership between both sides has resulted in the creation of 14,500 job opportunities
in the past year.

H.E. said: "We consider the American private sector a significant economic partner of our
country's business sector. Under the guidance of both countries’ leaderships, we are fully confident
that the economic and investment collaboration will continue to advance and thrive."

Strengthening of economic ties with Miami

During the meeting, H.E. said: "Miami is strategically situated, serving as a vital link to the
Caribbean, Central and South America. With a stable and adaptable financial market, our priority
lies in strengthening economic ties with Miami across the government and private sectors. Our
aim is to explore promising prospects in areas such as the new economy, creative industries,
technology and artificial intelligence in both markets. We strive to embrace innovative economic
solutions that support the growth and sustainability of our economies."

Diversity of the UAE Economy