Page 733 - MOE ENGLISH PR REPORT - JANUARY 2025

1/20/25, 3:20 PM UAE advances tech cooperation with US partners at CES 2025
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.

HE 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, HE 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. His

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

During the three-day visit, His Excellency 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 US$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 US$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 US$5 billion by the end of 2022.

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