Page 534 - MOE ENGLISH PR - MAY 2024

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…
growing volume of exports from 40 US states to the UAE

last year, supporting more than 166,000 jobs in the US.

The non-oil trade between the two countries grew by 20

percent in 2023 to reach $40 billion, with more than 50

percent growth compared to that of the pre-pandemic

levels in 2019.

Competitive indicators & economic incentives support

the growth of partnership at the private sector level

Bin Touq called on the American private sector to take

advantage of the competitive economic environment

and opportunities offered by the UAE. The country

provides all growth enablers to investors, entrepreneurs

and talent in terms of infrastructure, technology and

legislation, its strategic location, and its ability to serve

as a link for business communities with the ever-

growing global South.

He noted that the UAE market is an important

destination for the American business community.

Currently, 16,000 American citizens hold business

licenses within the country, in diverse sectors such as

finance, insurance, trade, real estate, manufacturing

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