Page 38 - MOE ENGLISH PR - MAY 2024

Press Release

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.

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