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Press Release

Minister of Economy and New Jersey Governor explore
opportunities to deepen economic ties across new economy sectors,

tourism, technology, and sustainability solutions

New Jersey is the fifth largest US state exporter to the UAE, with its exports to
the country growing by 24% between 2019 and 2023

Abu Dhabi, 3 May 2025:

H.E. Abdulla bin Touq Al Marri, Minister of Economy, met with Phil Murphy, Governor of New
Jersey, to explore ways to enhance economic and investment ties between the UAE and the United
States, with a particular focus on New Jersey. The discussions aimed to open new avenues for
collaboration in key sectors of mutual interest, including tourism, innovation, technology,
sustainable development solutions, the circular economy, and the new economy.

H.E. Bin Touq underscored the strategic and longstanding nature of UAE-U.S. relations,
describing them as strategic, resilient, and spanning all economic sectors. H.E. noted that the
partnership is characterized by dynamism, growth, and diversity, underpinned by the commitment
of both countries’ leadership to deepening cooperation across various fields.

H.E. said: "We are committed to deepening our economic partnership with New Jersey, which
offers substantial investment and trade potential and enjoys vibrant economic ties with the UAE.
We firmly believe in the promising opportunities that can be capitalized on, given our shared vision
and commitment to supporting innovation, technology, and knowledge as key drivers of
sustainable economic growth."

During the meeting, H.E. Bin Touq highlighted the incentives and opportunities offered by the
UAE’s business environment, which has undergone transformative growth in recent years. Central
to this progress has been the introduction and continuous enhancement of a comprehensive
framework of economic policies and legislation, designed to foster a resilient, agile, and
sustainable economic model focused on expanding new economy sectors. H.E. emphasized the
importance of the UAE’s strategic location, which reinforces its position as a leading trade hub
connecting Asia, the Middle East, and North Africa, serving as a global trade gateway, further
supported by the country’s advanced economic and commercial infrastructure.