Page 195 - MOE ENGLISH PR REPORT - JUNE 2024

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.

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 organized
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 per cent 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.

https://timesofindia.indiatimes.com/world/middle-east/uae-participates-in-selectusa-investment-
summit/articleshowprint/111300320.cms