Page 190 - MOE ENGLISH PR REPORT - JUNE 2024

7/1/24, 3:46 PM UAE participates in SelectUSA Investment Summit
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 US$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 Attache

(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.

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