Page 741 - MOE ENGLISH PR REPORT - JANUARY 2025

1/20/25, 3:21 PM UAE advances tech cooperation with US partners at CES 2025
Al Zeyoudi said, "The UAE's dynamic tech ecosystem, bolstered by initiatives like NextGen FDI, offers fresh opportunities f
companies looking to scale their operations and access high-growth markets. Total UAE investment in the US already tops
billion, and officials from both countries are working together to create additional opportunities for businesses and investors
expand our partnerships in advanced technology, we aim to foster innovation, create jobs, and accelerate the adoption of n
generation technologies."

Additionally, Al Zeyoudi participated in a panel discussion on current geopolitical trends and challenges, providing a positive
on global trade and highlighting the UAE's role in bridging markets and facilitating seamless trade flows. He highlighted tha
through its Comprehensive Economic Partnership Agreement (CEPA) programme, the UAE is actively expanding trade ties
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 Asso
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 s
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 w
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
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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