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of Economy, said in response to a question about Trump coming into power during a panel
discussion at the World Economic Forum in Davos on Tuesday evening.

31 Dec, 2023
Abu Dhabi Sheikh Zayed Festival fireworks

Regarding the relationship between the GCC and the US, he said, "We need to look at it from the
macro level. We have a strong relationship, and we want that relationship to even go forward with
Trump."

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For the second time, Donald Trump was sworn in as the 47th President of the US on Monday.
Markets are keeping an eye on his policies, especially regarding tariffs in different countries.

The US is among the top non-oil trading partners of the UAE. In 2023, the volume of non-oil trade
between the UAE and the US reached $31.4 billion.

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Danny Sebright, president of the US-UAE Business Council, earlier said that he expected this
growth would continue at the same pace in 2024.

Khaldoon Khalifa Al Mubarak, managing director and group CEO of Mubadala, said there is a clear
strategy that the US is embarking on which would spur growth in the US and that will make it very
attractive for investors.

He added that Asia continues to be an important continent for growth for Mubadala and sovereign
wealth funds.

“We are talking about AI, technology and energy. These are the areas – whether you look at Asia,
Africa, the US or South America – where the growth is gonna come from. These sectors are going to
be supported by the governments with regulatory environments that are supportive,” Al Mubarak
said during the panel discussion at the World Economic Forum 2025.
UAE exploring Mars with US

The UAE Minister of Economy added that the Emirates is open to collaboration with the US for the
exploration of Mars.

In reply to a question whether the UAE anticipates working with the US to go to Mars, he said, "Of
course, there is a space centre in Florida that we would like to visit to understand how we can grow
bridges together in the space industry and space clusters. This is an area where there is technology,
science and a lot of other things.

"Going to Mars or the moon, I don’t know if we are going to have life over there, but the kind of
science behind it creates what we have today; microwaves and other technologies we use in our
households. So this kind of research goes back to consumers and helps economies," Al Marri said.

https://www.khaleejtimes.com/uae/very-excited-positive-uae-officials-expect-trumps-return-to-
boost-economic-ties-with-us