Page 767 - MOE ENGLISH PR REPORT - JANUARY 2025

1/20/25, 3:23 PM UAE Advances Tech Cooperation With US Partners At CES 2025 | Pakistan Point
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 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.

https://www.pakistanpoint.com/en/story/1905629/uae-advances-tech-cooperation-with-us-partners-at-ces-2.html 2/2