Page 156 - MOE ENGLISH PR REPORT - JUNE 2024

Al Zeyoudi also met Governor Phil Murphy of New Jersey to discuss how UAE-
based businesses, investors and family offices can either enter or expand their
presence in the US market in areas of mutual interest, such as clean energy,
logistics, infrastructure development and advanced technology.

Attendees from the US business community at a session organised by the UAE-US Business Council.

The Summit’s workshops and seminars also enabled the delegation to learn about
the various investment opportunities across the USA, enabling them to identify
potential areas for collaboration and the means to access them.

Addressing attendees from the US business community at a session organised by
the UAE-US Business Council, Al Zeyoudi said: "The United States of America
remains one of our most trusted international allies and a vital trade and investment
partner. Our relationship is not only strong and enduring, it continues to find
productive new horizons, from collaboration in renewable energy to agri-tech and
advanced technology. Our visit to the States this week is a reflection of our
commitment to finding new avenues of cooperation and to building partnerships at
the public- and private-sector levels that further our economic diversification
ambitions. SelectUSA is not only the ideal platform to discover the opportunities in
the US market but to also to showcase the dynamism of the UAE’s ecosystem,
which is already home to more than 1,500 US companies.”

The UAE is the largest Arab investor in the USA with assets of more than US$38.1
billion, accounting for over 50% of Arab investment into the country as of 2022. UAE
investments in the US over the last five years have grown by $12 billion across a
variety of sectors with a focus on transportation, business services and ICT. Majority
UAE-owned firms employ over 24,300 US workers and help to increase US exports,
contributing $1.4 billion to the value of US goods exported in 2021.

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