Abu Dhabi's Economic Delegation to Enhance US Investments

Abu Dhabi's Commitment to Strengthening US Economic Ties

In a significant move, Abu Dhabi's Department of Economic Development (ADDED) has initiated a high-profile economic delegation to the United States to enhance bilateral trade and investment relations. This delegation is part of the Emirate's ongoing efforts to solidify its position as a global hub for business and investment.

Goals of the Delegation

The delegation, headed by His Excellency Ahmed Jasim Al Zaabi, includes over 100 senior representatives from both the government and private sectors in Abu Dhabi. This group includes various organizations such as the Abu Dhabi Chamber of Commerce and Industry, Abu Dhabi Global Market (ADGM), and other significant entities, showcasing a wide-ranging commitment to international collaboration.

During their visit, the delegation will engage in several strategic meetings with key U.S. business leaders and investors. The aim is to explore new areas for potential collaboration and investments. Notably, the Abu Dhabi Investment Forum is scheduled to take place in New York, emphasizing the continuing evolution of Abu Dhabi's economic landscape.

Showcasing Economic Transformation

A highlight of the visit will be the Family Business roundtable organized in partnership with the Abu Dhabi Chamber and the Business Council for International Understanding (BCIU). These discussions will spotlight the Emirate's ongoing transformation and present numerous investment opportunities that exist within its diverse economy.

Vision for Future Collaborations

H.E. Ahmed Jasim Al Zaabi articulated the importance of this visit by stating, "The United States has been a long-standing partner for Abu Dhabi. Our economic links are flourishing, covering numerous vital sectors. This visit represents our shared commitment to fostering innovation, sustainability, and inclusive growth through engagement with leaders who are redefining the economic framework.”

Al Zaabi also mentioned that the delegation aims to strengthen partnerships and spotlight the lucrative opportunities provided by Abu Dhabi's dynamic 'Falcon Economy', which encompasses sectors such as artificial intelligence, startups, agritech, and advanced manufacturing.

Trade and Investment Figures

The relationship between Abu Dhabi and the United States is significant, with the U.S. being one of Abu Dhabi's major trading partners. Recent trade statistics indicate that bilateral trade soared to USD 34.4 billion, signifying an 8.5% increase from the previous year. Additionally, the UAE stands as the largest U.S. trading partner in the Middle East, involving all 50 states and creating more than 184,000 jobs.

UAE investments in the U.S. have surpassed USD 1 trillion, establishing a foundation for further growth and employment opportunities. A recent commitment by the UAE to invest $1.4 trillion into the U.S. economy over the next decade highlights a strong focus on artificial intelligence, infrastructure, energy, advanced manufacturing, and technological innovation.

Attracting U.S. Companies to Abu Dhabi

Abu Dhabi's welcoming business environment is increasingly drawing U.S. companies eager to tap into the Emirate's innovative economy. A growing number of financial institutions are registering in the Abu Dhabi Global Market, which is recognized as the largest and fastest-growing international financial center in the Middle East and North Africa region.

About the Abu Dhabi Department of Economic Development

The Abu Dhabi Department of Economic Development (ADDED) plays a pivotal role in fostering economic growth and diversification within the Emirate. It focuses on developing and regulating the business sector while leading initiatives for a sustainable economy enriched by knowledge and innovation.

ADDED is dedicated to creating a promising investment climate by enhancing cooperation with strategic partners. This includes adhering to principles of innovation, transparency, and knowledge-sharing to fortify the business ecosystem, ultimately establishing Abu Dhabi as a preferred destination for global business investments.

Frequently Asked Questions

What is the purpose of Abu Dhabi's economic delegation to the US?

The delegation aims to strengthen bilateral economic ties and explore new investment opportunities with U.S. businesses.

Who is leading the delegation from Abu Dhabi?

The delegation is led by His Excellency Ahmed Jasim Al Zaabi, the Chairman of ADDED.

What sectors are highlighted for investment in Abu Dhabi?

Investment opportunities span across artificial intelligence, agritech, finance, and advanced manufacturing among others.

How significant is the trade relationship between Abu Dhabi and the US?

The U.S. remains one of Abu Dhabi's most important trading partners, with bilateral trade reaching USD 34.4 billion recently.

What initiatives does ADDED undertake to promote economic growth?

ADDED focuses on developing the business sector, fostering a sustainable economy, and enhancing the investment climate through strategic partnerships.

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