Page 116 - MOE ENGLISH PR REPORT - JUNE 2024

partnerships in high-priority fields such as artificial intelligence (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.

Provided by SyndiGate Media Inc. (Syndigate.info
).

https://www.msn.com/en-ae/news/other/al-zeyoudi-visits-silicon-valley-to-strengthen-uae-us-
ties-in-technology-innovation-sectors/ar-BB1p2Ibz?ocid=BingNewsSerp