Page 481 - MOE ENGLISH PR - MAY 2024

5/28/24, 2:49 PM PRESSR: H.E. Bin Touq reviews UAE's new economic model during his meeting with Chairman & CEO of Morgan Stanley — Trad…
Furthermore, H.E. highlighted the economic and investment

cooperation between the UAE and the USA, which is witnessing

continuous growth and promising results reflecting the strong

strategic relations between the two friendly countries. The UAE’s

FDI in the USA totaled $3.7 billion between 2018 and 2023, while

American FDI flows to the UAE reached nearly $9.5 billion during the

same period. More than 115 UAE companies operate in the US

market across many sectors, most notably tourism, aviation, energy,

clean energy, IT, AI, electronics, and real estate, whilst 1,160+

American companies operate in the transportation, warehouse,

technology, energy, clean energy, communications, and real estate

sectors in the UAE.

H.E. Bin Touq also highlighted the promising opportunities in the

UAE’s hospitality and tourism sectors considering the increased

growth and outstanding performance demonstrated by these sectors.

The country seeks to attract new tourism investments of AED 100

billion by the next decade in line with the objectives of the UAE’s

National Tourism Strategy 2031.

H.E. Ghanam Batti Al Mazroui, Chairman Of Abu Dhabi Securities

Exchange (ADX), said: “We are delighted by the participation of H.E.

Bin Touq in this conference hosted by ADX in collaboration with

Morgan Stanley, during which, he apprised American investors and

companies listed on the Abu Dhabi Securities Exchange of the need

to capitalize on the UAE’s business and investment environment.”

https://www.tradingview.com/news/reuters.com,2024-05-23:newsml_Zaw30mLvR:0-pressr-h-e-bin-touq-reviews-uae-s-new-economic-model-during-hi… 4/7