UAE ENGAGES IN SELECT USA INVESTMENT SUMMIT

Thani bin Ahmed AI Zeyoudi, Minister of State for Foreign Trade, has visited Washington DC for talks with Gina Raimondo, US Secretary of Commerce, to discuss strengthening bilateral trade and investment ties.

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Dr. AI Zeyoudi, accompanied by Yousef AI Otaiba, United Arab Emirates Ambassador to the United States, also led the UAE delegation of government officials and business leaders to the 10th Select USA Investment Summit, an event that promotes and 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.