The Abu Dhabi Economic delegation signs agreements in New York to deepen trade and investment relations with the United States

New York, October 7/ WAM/ The Abu Dhabi Economic delegation, led by the Department of Economic Development – Abu Dhabi, signed agreements with major institutions and companies working in the financial sector, technology and the business sector to enhance trade and investment relations with the United States of America.

During its visit to New York, the delegation held meetings with business leaders and investment in the United States to explore new opportunities to expand cooperation and signed agreements to enhance partnership in several sectors and fields including startups, small and medium -sized companies, digital infrastructure, new energy, advanced manufacturing, and financial services.

The delegation was chaired by His Excellency Ahmed Jassim Al -Zaabi, head of the Department of Economic Development – Abu Dhabi, and included His Excellency Ghannam Butti Al Mazrouei, Chairman of the Abu Dhabi Stock Exchange Group, His Excellency Hamad Sayyah Al Mazrouei, Undersecretary of the Department of Economic Development – Abu Dhabi, His Excellency Badr Al -Alami, Director General of the Abu Dhabi Investment Office, His Excellency Rashid Lahaj Al Mansouri, Director General of Abu Dhabi Customs, His Excellency Shams Ali Al Dhaheri, Second Deputy Chairman of the Board of Directors of Chamber of Commerce and Industry Abu Dhabi and Managing Director.

The delegation held more than 40 meetings with senior officials and business leaders in the United States and participated in the World Investors Conference, organized by the Abu Dhabi Stock Exchange Group in New York City, in cooperation with the Morgan Stanley Bank. The conference attracted 15 of the major companies listed in the market with a total market value of more than 300 billion US dollars, and the organization of more than 100 bilateral meeting witnessed the major institutional investors in the United States, which runs in more than $ 10 billion.

His Excellency Ahmed Jassim Al -Zaabi, Head of the Department of Economic Development – Abu Dhabi said: “We are proud of our strong and developed partnerships with the United States of America, and this visit enabled us to launch more initiatives to enhance cooperation and benefit from new trends, major transformations and technological developments in the global economy, and based on the established foundations over more than 50 years, trade and investment cooperation with the United States continues to grow; The past five years, the non -oil Abu Dhabi trade with the United States has increased by 28.4%, and the number of American companies that started with business in the emirate increased with a complex annual growth rate of 52.9%, while joint investments are witnessing more increase and expansion, which speeds growth in a number of sectors and provides thousands of job opportunities.

His Excellency added that this continuous growth reflects the depth and durability of cooperation with the United States, and we are committed to continuing to develop relations and support the business sector and investors to achieve growth, prosperity and expansion.

The Abu Dhabi Investment Forum – New York, which was organized in partnership with the Abu Dhabi Investment Office and Abu Dhabi International (ADGM) formed a suitable platform for CEOs, senior investors and institutions to explore new opportunities and enhance partnerships between the United States and the emirate.

During the forum, the participants reviewed the opportunities available for partnerships and investments in the sectors that are characterized by high growth capabilities in Abu Dhabi.

The round table for family companies, organized by the Abu Dhabi Chamber of Commerce and Industry, in cooperation with the Business Council for International Understanding (BCIU), highlighted the economic transformations in the emirate and investment opportunities, and strengthening the role of Abu Dhabi as a global business and investment center.

For its part, the Abu Dhabi Chamber held meetings between family companies in the UAE and the United States of America, which contributed to pushing cooperation in the sectors of technology, clean energy, logistical services, industry, real estate, infrastructure, financing, and food industries, as well as developing channels to enhance investments, exchange knowledge and cooperation in the long term.

It is noteworthy that the value of the trade exchange between the UAE and the United States increased by 8.5% in the past year (2024) to 34.4 billion US dollars, which strengthened the UAE’s position as the first trade partner of the United States in the Middle East, where the trade exchange of the state extends to all fifty American states, and supports more than 184 thousand jobs.

Recently, Abu Dhabi announced an investment of $ 1.4 trillion in the US economy during the next decade, with a focus on artificial intelligence, infrastructure, energy, advanced manufacturing, technology, innovation, space and aviation.

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