Page 723 - MOE ENGLISH PR REPORT - JANUARY 2025

1/20/25, 3:18 PM UAE, US to boost cooperation in technology and innovation
During his visit, Al Zeyoudi engaged with senior US officials, including Nevada Lt. Governor Stavros
Anthony, and representatives from the Nevada Governor’s Office of Economic Development, the US
Chamber of Commerce, and the Las Vegas Chamber.

Discussions centred on enhancing long-term UAE-US technology partnerships, exploring
collaborative opportunities, and promoting the UAE’s value proposition, which includes state-of-the-
art infrastructure, a skilled talent pool, and a business-friendly ecosystem that serves as a gateway to
rapidly growing markets in the Middle East, Africa, and Asia. Al Zeyoudi said, “The UAE’s dynamic
tech ecosystem, bolstered by initiatives like NextGen FDI, offers fresh opportunities for US
companies looking to scale their operations and access high-growth markets.

Total UAE investment in the US already tops $35 billion, and officials from both countries are working
together to create additional opportunities for businesses and investors.”

“As we expand our partnerships in advanced technology, we aim to foster innovation, create jobs,
and accelerate the adoption of next-generation technologies.”

Additionally, Al Zeyoudi participated in a panel discussion on current geopolitical trends and
challenges, providing a positive outlook on global trade and highlighting the UAE’s role in bridging
markets and facilitating seamless trade flows.

He highlighted that, through its Comprehensive Economic Partnership Agreement (CEPA)
programme, the UAE is actively expanding trade ties and fostering greater connectivity with strategic
global markets.

During the three-day visit, he engaged with C-suite executives from leading tech companies
specialising in AI, health, and automotive technologies, including major industry players, including
Accenture, Qualcomm, the Consumer Technology Association, Skylo, and MGM Resorts
International.

The US is the UAE’s fourth-largest trading partner globally, accounting for 4.8 per cent of the UAE’s
total non-oil trade.

In the first nine months of 2024, bilateral non-oil trade reached $28.3 billion, marking a 46.2 per cent
growth compared to the same period in 2019.

The UAE is the US’ most important trading partner in the Arab World, with bilateral trade comprising
27 per cent of the US’ trade with the region.

In terms of investments, the UAE holds FDI $35 billion in assets in the US, representing more than 50
per cent of the total FDI from Arab countries in the US at the end of 2023. US investments in the UAE
exceeded $5 billion by the end of 2022.

Meanwhile in September 2024 the United Arab Emirates and the United States of America have
issued the following joint statement on the occasion of the official visit of His Highness President

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