UAE Minister of State for Foreign Trade participates in SelectUSA Investment Summit, meets US Secretary of Commerce and Governor of Michigan

July 1, 2022

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Washington, July 1, 2022 /PRNewswire/—— United Arab Emirates (UAE) HE Dr., Minister of State for Foreign Trade Thani bin Ahmed Zeyudi Expanding UAE-US trade and commercial activities discussed during bilateral meeting with US Commerce Secretary Gina Raimondo and Michigan Governor Gretchen Whitmer At the SelectUSA Investment Summit, the largest gathering of foreign direct investment in the United States.

An open seminar hosted by the Abraham Accords Peace Institute, attended by experts from the think tank community.

minister Zeyudi As SelectUSA’s UAE government representative, he networked with business leaders, industry experts and exhibitors during his one-day conference visit. The event was attended by an extensive UAE business delegation, including 19 companies and 24 delegates, as well as representatives from the UAE Ministry of Economy. Minister Zeyoudi also participated in an extensive programming workshop organized by SelectUSA, which included presentations by US government and business leaders.

minister Zeyudi In addition, he hosted a series of high-level events during his trip. Washington DC. The Minister delivered a keynote speech at a business luncheon hosted by the US-UAE Business Council, participated in an open panel discussion hosted by the Abraham Accords Peace Institute, attended by experts from the think tank community, and met with leaders of the newly established Abraham Congress Consent Core group.

“The UAE’s foreign direct investment in the United States $44.7 billion In 2020, that number will only increase, according to SelectUSA. Participating in the SelectUSA Investment Summit reinforces our government’s strong commitment to the market,” said Dr HE, UAE Minister of State for Foreign Trade. Thani bin Ahmed Zeyudi. “In a meeting with Secretary of Commerce Raimondo and Michigan Governor Whitmer, we discussed opportunities to deepen this economic relationship, with a focus on the tech industry and clean energy investments. “

Total bilateral trade in 2021 $23.03 billionU.S. exports more than $17 billion Goods and services to the UAE – 16% more than in 2020. $11.13 billion The U.S. trade surplus is the sixth largest in the world. The trade relationship reflects the success of the growing diversification of the UAE economy, with the non-oil sector accounting for 70% of the UAE’s GDP.

Top categories of U.S. exports in 2020 include: electronics, nuclear materials, passenger cars, and aircraft and spacecraft. The UAE trades with all 50 US states and supports more than 123,000 US jobs, reinforcing the importance of ongoing bilateral trade relations.

minister Zeyudi Also attended the Smithsonian Folk Festival on the National Mall. This festival, called “United Arab Emirates: Living Landscape | Living Memory”, events highlighting UAE culture, art, music and food. Minister Zeyudi Met Emirati exhibitors and spoke with American tourists during a visit to the festival.

before arrival WashingtonMinister Zeyudi went to Florida There, he participated in high-level business development, networking events and conferences hosted by the US-UAE Business Council, the International Trade Confederation (ITC), Florida EnterprisePublic-Private Partnerships for Economic Development Floridaand eMerge Americas, a company focused on building Miami as the technology hub of the Americas.

minister Zeyudi Meet Broward County mayor Michael Udine, foot.lauderdale mayor Dean Transtalis, Miramar mayor Wayne Messamand Miami-Dade County Committee Chairman Jose “Pepe” Diaz.

Leaders discuss strengthening UAE’s Florida, focusing on investment, tourism, urban planning and healthcare.These meetings follow a delegation in March Florida mayors Sharjah, Abu Dhabiand Dubai There, they engaged with the UAE business community and participated in the closing events of Expo 2020 Dubai, including a visit to the US Pavilion.

period Miami mayor Francis Suarez During his visit to the UAE in March, he signed the sister city agreement with His Excellency Abdullah Albasti, Secretary General of the UAE Executive Council. DubaiDeepening connections between cities Dubai and Miami. Sheikh, Crown Prince of Dubai Hamdan bin Mohammed bin Rashid Al Maktoum Attended the signing ceremony.

2021, Florida export more than $1 billion Exports goods to the UAE, making it one of the top 10 states exporting to the UAE. These exports support about 6,000 U.S. jobs.The UAE also exports more than $180 million Goods arrive Florida same year.

For media inquiries, please contact May Bucklini exist media@uaeembassy-usa.org; mbaaklini@uaeembassy-usa.org+1 202-316-3662