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

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

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