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5/27/24, 5:04 PM Minister of Economy participates in SALT iConnections Forum to highlight UAE’s status as a prime hub for global partnerships | E…
infrastructure, and incentives to attract innovative ideas

and entrepreneurial projects, thus positioning itself as a

key hub for AI applications, renewable energy, FinTech,

research and development, and space economy.

During his speech at the session, attended by Bo Li,

Deputy Managing Director of the International

Monetary Fund, and moderated by Anthony Scaramucci,

Founder and Managing Partner of SkyBridge Capital, Bin

Touq affirmed that the UAE-American relations are

witnessing increased growth thanks to shared goals and

visions in all economic sectors.

The UAE's investments in the USA reached $38 billion in

2022, accounting for more than 50 percent of the Middle

Eastern countries’ investments in America. These

investments span several key sectors and industries,

most notably transport, commercial activities,

information technology, real estate, food, beverages,

and space. Meanwhile, American FDI in the UAE market

reached nearly $4.3 billion in 2021.

Moreover, the UAE is also the largest Arab trading

partner of the United States. The USA is among the top

three global trading partners of the UAE as of 2023, with

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