WASHINGTON, June 24,
2024 /PRNewswire/ -- His Excellency Dr. Thani Al Zeyoudi, UAE Minister of State for
Foreign Trade, is set to lead the largest delegation from the
United Arab Emirates (UAE) to the
SelectUSA Investment Summit, which will take place near
Washington, DC this week. The
visit underscores the UAE's commitment to strengthening economic
ties with the United States (US).
Total UAE investment in the US already tops $1 trillion, and officials from both countries
are working together to create additional opportunities for
businesses and investors.
The UAE delegation, which includes 35 leading Emirati companies,
exemplifies the innovation and competitive spirit of UAE
businesses. The goal of the visit is to expand operations across
the US while attracting further investments to the UAE. The
delegation comprises officials and industry leaders from various
sectors, including government, technology, energy, sustainability,
and logistics, reflecting the span of the UAE's diverse
economy.
During his visit, Minister Zeyoudi will engage in strategic
bilateral meetings with prominent US officials and business
executives. The meetings are expected to discuss ways to deepen
collaboration and do business across a range of sectors, including
clean energy and sustainability, advanced technology, life
sciences, finance and logistics.
The Emirati Minister's visit will reinforce the robust economic
relationship between the UAE and the US, which has flourished, with
bilateral trade reaching $31.4
billion in 2023. It also seeks to highlight the UAE's
favorable business climate to encourage US investments, present the
UAE as a global hub for technology and sustainable development, and
engage in high-level discussions with US government officials and
business leaders to explore mutual interests.
"SelectUSA provides a unique platform to highlight the UAE's
fastest growing commercial sectors with US counterparts and
reinforce our commitment to deepening bilateral economic ties while
forging new business relationships," said Minister Al Zeyoudi. "With over $1
trillion invested across America, the UAE has already
'Selected the USA,' and we look
forward to deepening this important trade and economic
relationship."
UAE Ambassador to the US Yousef Al Otaiba added, "Minister
Zeyoudi's leadership of the UAE's largest ever delegation to the
U.S. for SelectUSA highlights our nation's commitment to expanding
our economic partnerships and exploring new investment
opportunities."
SelectUSA is the premier event dedicated to promoting foreign
direct investment in the United
States. The Summit brings together business leaders,
investors, and economic development organizations to facilitate
investment opportunities and foster economic growth.
Media Contact:
Lamiyae Jbari
ljbari@uaeembassy-usa.org
202 243 2464
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SOURCE Embassy of the United Arab
Emirates