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7/1/24, 3:48 PM UAE participates in SelectUSA Investment Summit - www.lokmattimes.com

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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