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7/1/24, 4:16 PM Al Zeyoudi visits Silicon Valley to strengthen UAE-US ties in technology, innovation sectors | Emirates News Agency
(AI), machine learning, and climate tech.

In his meetings, the minister outlined the UAE’s advanced technology ambitions and investment-friendly
business environment, extending an invitation to US investors, start-ups, and skilled professionals to explore

its expansion opportunities.

Discussions focused on joint projects, research collaboration, and exchanging knowledge and expertise in
cutting-edge disciplines such as AI, data analytics and sustainable technologies.

Dr. Al Zeyoudi’s visit to the US underlines the UAE’s commitment to securing global partnerships to accelerate
its industrial and technological capabilities, and to further bolstering the nation’s position as a destination for

investment and innovation.

Of the visit, the minister remarked, “The West Coast of the US is the global epicentre of technology and
innovation, and the UAE has much to gain from closer ties to Silicon Valley’s vibrant ecosystem. This visit is

an important part of our efforts to establish long-standing partnerships at both the private-sector, public-sector

and academic levels to leverage their knowledge and experience and accelerate the UAE’s technological
capabilities. Technology is a key pillar of our economic growth and diversification agenda and it’s vital we can

build productive and mutually beneficial relations with the world’s leading exponents.”

The United States is the UAE’s third-largest trading partner globally, accounting for 5.6% of the UAE’s total
non-oil trade. The UAE is America’s most important trading partner in the Arab World, with bilateral trade

comprising 27% of the USA’s non-oil trade with the region.
In terms of investments, the UAE has US$38.1 billion in assets in the US, which is more than 50% of the total

FDI from Arab countries in America at the end of 2022.

These investments are mainly in transportation, business services, software and IT services, real estate, food
and beverages, and aerospace.

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