Page 155 - MOE ENGLISH PR REPORT - JUNE 2024

UAE participates in SelectUSA

Investment Summit

x 27 Jun 2024

The UAE delegation attends the 10th SelectUSA Investment Summit.

Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has visited
Washington DC for talks with Gina Raimondo, US Secretary of Commerce, to
discuss strengthening bilateral trade and investment ties.

Dr Al Zeyoudi, accompanied by Yousef Al Otaiba, United Arab Emirates
Ambassador to the United States, also led the UAE delegation of government
officials and business leaders to the 10th SelectUSA Investment Summit, an event
that promotes and facilitates business investment in the US, to explore expanding
opportunities for the UAE private sector.

During his meeting with Secretary Raimondo, Al Zeyoudi reaffirmed the importance
of economic relations with the US, which is the UAE’s third-largest global trade
partner and accounts for 27% of America’s non-oil trade with the Arab World.

In 2023, the two nations shared bilateral trade worth US$40 billion, a 20.1% increase
on the previous year and 50.2% growth compared to 2019. The pair discussed areas
of mutual interest, including the ongoing collaboration on renewable energy
development.At the SelectUSA Investment Summit, which is hosted by the US
Department of Commerce and brings together public officials and corporate leaders,

https://www.gulftoday.ae/business/2024/06/27/uae-participates-in-selectusa-investment-summit