Page 43 - MOE ENGLISH PR - MAY 2024

Press Release

H.E. Bin Touq meets with the Mayor of New York City to explore
strengthening of cooperation in new & sustainable economic sectors

Meeting takes place on the sidelines of H.E.’s official visit to the United States of
America

Abu Dhabi, 23 May 2024:

H.E. Abdulla Bin Touq Al Marri, Minister of Economy, held a meeting with Eric Adams, Mayor
of New York City, on the sidelines of his official visit to the United States. The meeting explored
the strengthening of economic collaboration in areas of shared interest, particularly the new
economy, fintech, clean energy, green economy, entrepreneurship, tourism, transportation, and
circular economy.

H.E. said that the UAE and the USA enjoy robust and advanced strategic ties across various
domains, particularly in the economic and investment sectors. He attributed this to the 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