Page 726 - MOE ENGLISH PR REPORT - JANUARY 2025
P. 726

1/20/25, 3:20 PM                   UAE advances tech cooperation with US partners at CES 2025 - Aletihad News Center


         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 specializing 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% 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% 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% 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% 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.









      https://en.aletihad.ae/news/business/4542795/uae-advances-tech-cooperation-with-us-partners-at-ces-2025       2/2
   721   722   723   724   725   726   727   728   729   730   731