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5/27/24, 9:26 AM PRESSR: Minister of Economy participates in SALT iConnections Forum — TradingView News
relations are witnessing increased growth thanks to shared goals and

visions in all economic sectors.

Strength of USA-UAE Economic Relations

The UAE's investments in the USA reached USD 38 billion in 2022,

accounting for more than 50 per cent 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

USD 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 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

per cent in 2023 to reach USD 40 billion, with more than 50 per cent

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

H.E. 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

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