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7/1/24, 4:16 PM Al Zeyoudi visits Silicon Valley to strengthen UAE-US ties in technology, innovation sectors - Aletihad News Center
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 percent 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

percent of the USA’s non-oil trade with the region.

In terms of investments, the UAE has $38.1 billion in assets in the US, which is more than 50 percent 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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