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UAE Strengthens Economic Ties with US Through Major Deals in Technology, Energy, and Finance

Prime Highlights

  • During a three-day visit to New York, a UAE delegation led by Ahmed Jasim Al-Zaabi signed multiple agreements to boost cooperation in startups, digital infrastructure, new energy, and financial services with the US.
  • The visit underscores the growing long-term partnership between the UAE and the US, aimed at expanding trade, investment, and innovation amid global economic shifts.

Key Facts

  • Bilateral trade between the UAE and the US reached $34.4 billion, marking an 5% increasefrom the previous year, with the UAE as the largest US trade partner in the Middle East.
  • Abu Dhabi’s non-oil trade with the US has grown by 4%, while US companies in Abu Dhabi have seen a 52.9% compound annual growth rate, reflecting deepening economic collaboration.

Background

During a three-day trip to New York, the United Arab Emirates (UAE) has enhanced its economic relations with the United States as the officials of Abu Dhabi signed a number of contracts in the important areas of relations, such as technology, finance, energy, and manufacturing.

The high-level delegation, led by Ahmed Jasim Al-Zaabi, chairman of the Abu Dhabi Department of Economic Development (ADDED), met with senior US government officials and business leaders to explore new areas of trade and investment cooperation, according to the Emirates News Agency (WAM).

The agreements are focused on increasing cooperation in startups, family businesses, small and medium enterprises, digital infrastructure, new energy, and financial services. The UAE and the US already have strong economic ties, with bilateral trade reaching $34.4 billion, an 8.5% increase from the previous year. The UAE is the biggest US trade partner in the Middle East, with trade covering all 50 US states and supporting over 184,000 jobs.

Al-Zaabi said the visit helped strengthen long-term cooperation and drive new opportunities shaped by global economic changes. He highlighted that mutual investments between both nations continue to grow, creating jobs and boosting innovation.

Abu Dhabi’s non-oil trade with the US has risen by 28.4% in recent years, while US companies operating in the emirate achieved a 52.9% compound annual growth rate.

The delegation included senior officials from both public and private sectors and hosted more than 100 meetings with major US investors managing assets worth over $10 billion.

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