Page 122 - MOE ENGLISH PR REPORT - JUNE 2024

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 per cent 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 per cent 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 per cent 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. (ANI/WAM)

https://theprint.in/world/minister-al-zeyoudi-visits-silicon-valley-to-strengthen-uae-us-ties-in-
technology-innovation-sectors/2151539/