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7/1/24, 4:19 PM Minister Al Zeyoudi visits Silicon Valley to strengthen UAE-US ties in technology, innovation sectors - www.lokmattimes.com
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)

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