Officials duirng the meeting | Courtesy: WAM | Cropped by GBN
Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, has concluded a visit to San Francisco and nearby Silicon Valley, which was aimed at enhancing economic cooperation and exploring partnerships between the UAE and the United States, especially in advanced technology.
Dr. Thani engaged in several discussions with key stakeholders, prominent technology firms, and local entrepreneurs, aiming to forge potential collaborations in critical areas such as artificial intelligence (AI), machine learning, and climate technology.
In his meetings, the minister outlined the UAE’s advanced technology ambitions and investment-friendly business environment, extending an invitation to US investors, start-ups, and skilled professionals to explore its expansion opportunities.
According to the statement, “Discussions focused on joint projects, research collaboration, and exchanging knowledge and expertise in cutting-edge disciplines such as AI, data analytics, and sustainable technologies.”
Dr. Thani bin Ahmed Al Zeyoudi UAE Minister of State for Foreign Trade
“The West Coast of the US is the global epicenter of technology and innovation, and the UAE has much to gain from closer ties to Silicon Valley’s vibrant ecosystem. This visit is an important part of our efforts to establish long-standing partnerships at both the private-sector, public-sector, and academic levels to leverage their knowledge and experience and accelerate the UAE’s technological capabilities. Technology is a key pillar of our economic growth and diversification agenda and it’s vital we can build productive and mutually beneficial relations with the world’s leading exponents.”
Dr. Al Zeyoudi’s visit to the US underlines the UAE’s commitment to securing global partnerships to accelerate its industrial and technological capabilities and to further bolstering the nation’s position as a destination for investment and innovation.
The United States stands as the UAE’s third-largest global trading partner, constituting 5.6 percent of the UAE’s overall non-oil trade. Further, the UAE holds the position of America’s primary trading partner in the Arab World, with bilateral trade representing 27 percent of the USA’s non-oil trade within the region.
As per the reports, “In terms of investments, the UAE has $38.1 billion in assets in the US, which is more than 50 percent of the total FDI from Arab countries in America at the end of 2022. These investments are mainly in transportation, business services, software and IT services, real estate, food and beverages, and aerospace.”
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