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5/28/24, 1:06 PM H.E. Bin Touq meets with the Mayor of New York City to explore strengthening of cooperation in new & sustainable economic sect…
directives and vision of both leaderships and highlighted the two countries’ shared aspirations

to embrace innovative and adaptable economic models.

During the meeting, H.E. Bin Touq emphasized that both countries possess significant

economic resources and potential, as well as a strategic geographical location that facilitates
access to numerous strategic markets at the regional and global levels. The economic

relations between the UAE and the state of New York are also continuously evolving, and

there is a strong commitment to further exploring cooperation in new and key economic

sectors to foster sustainable partnerships that support the shared interests and goals of both
parties. H.E. underscored that the meeting marks a significant milestone in strengthening joint

efforts to explore emerging opportunities and expand the scope of existing cooperation.

The meeting explored the potential for enhancing economic relations and fostering better
communication between the UAE and American private sector. These efforts will create new

avenues for growth, particularly considering the promising and diverse opportunities and

enablers available in the markets of both countries. Furthermore, they highlighted the
significance of enhancing cooperation in economic affairs that facilitate the transition towards

a digital economy and combat financial crimes, in line with the economic policies of both

nations.

H.E. Bin Touq emphasized the UAE’s vision to improve economic openness and forge

productive partnerships with international markets. Besides, H.E. highlighted the UAE’s

crucial role in supporting major economic blocs that are shaping the global economic
landscape. This is particularly facilitated by the UAE’s standing as a competitive economic

hub, which is connected to over 400 cities around the world through direct routes. Additionally,

the UAE has the largest shipping line network that spans 88 ports globally and benefits from

its strategic location as a link between the East and West.

The Minister of Economy apprised Mayor Adams of the trade and investment initiatives

implemented by the UAE under the ‘Projects of the 50’ and the UAE Centennial Plan 2071.
These initiatives are designed to bolster the country’s standing on the global economy by

offering attractive investment incentives within the UAE’s thriving economic landscape. The

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