Page 100 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

Press Release

H.E. noted that priority sectors such as generative artificial intelligence, technology, tourism,
investment, and the circular economy offer promising opportunities to deepen mutual investment
and establish joint ventures that actively support the economic growth objectives of both sides.

H.E. also shed light on the tourism sector, underscoring the major initiatives and policies launched
by the UAE to elevate the industry to world-class standards, most notably the UAE Tourism
Strategy 2031. Today, the UAE ranks among the top travel destinations both regionally and
globally. H.E. pointed out that this sector offers vast opportunities for collaboration with New
Jersey in support of building an innovative and sustainable tourism industry.

H.E. Bin Touq also extended an invitation to the Governor of New Jersey to attend the fifth edition
of Investopia, set to take place in Abu Dhabi next year. He emphasized the forum’s pivotal role as
a premier global platform for fostering strategic collaboration and unlocking investment
opportunities in the new economy sectors, while also deepening trade and investment ties with the
UAE’s business community across key priority industries.

UAE–New Jersey economic relations: A model of sustainable partnership

The meeting reviewed the strength of economic relations between the UAE and the State of New
Jersey, highlighting them as a leading model of economic and trade cooperation. New Jersey
stands as the fifth-largest U.S. state exporter to the UAE, with exports increasing by 24 per cent
from 2019 to 2023 to total USD 5 billion. This bilateral trade supports approximately 7,500 jobs
in the state of New Jersey, particularly in the technology and digital sectors.

The UAE serves as a strategic gateway for New Jersey companies seeking access to markets across
the Middle East, Africa, and South Asia. Similarly, New Jersey offers the UAE a key entry point
into the U.S. market, capitalizing on its proximity to New York and its position as the 10th largest
state economy in the United States.

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