Page 192 - MOE ENGLISH PR REPORT - JUNE 2024

7/1/24, 3:47 PM UAE participates in SelectUSA Investment Summit
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 per cent 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, 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.

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