Page 735 - MOE ENGLISH PR REPORT - JANUARY 2025

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