Page 160 - MOE ENGLISH PR REPORT - JUNE 2024

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 $38.1

billion, accounting for over 50 percent 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 US$1.4 billion to the value of US goods exported in 2021.

The UAE delegation included more than 65 participants, most notably Mohammed

Abdul Rahman Al Hawi, Undersecretary of the Ministry of Investment, Juma

Mohammed Al Kait, Assistant Undersecretary of the Ministry of Economy for Foreign

Trade Affairs, and Saud H. Al Nowais, UAE Commercial Attaché (Counselor) for the

UAE Embassy, in addition to senior executives from government and private sector

companies such as the Abu Dhabi Investment Office, Sharjah Research, Technology

and Innovation Park, Emirates Nuclear Energy Corporation, Mubadala, EDGE

Group, Ras Al Khaimah Economic Zone (RAKEZ), LuLu Group International, and

Emirates Aluminum.

https://en.aletihad.ae/news/business/4496617/uae-participates-in-selectusa-investment-summit