UAE highlights new investment incentives & opportunities in its vital sectors in light of ‘Projects of the 50’

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UAE highlights new investment incentives & opportunities in its vital sectors in light of ‘Projects of the 50’

Abu Dhabi: H. E. Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises, representing the UAE, participated in the recently held UAE-US Innovation and Investment Summit. The Summit was aimed at exploring more cooperation opportunities in the next phase to expand and develop UAE-US trade exchanges and mutual investments with greater participation of private sector companies from both sides. It was also aimed at facilitating fruitful partnerships in sectors that support the sustainability and innovation agenda of the two countries. In his speech, H. E. Al Falasi underlined the strength and durability of the UAE-US economic relations, which are reflected in the volume of mutual investments, as the UAE’s investments make up the largest share in the total Arab investments in the US markets, at USD 44. 7 billion by the end of 2020. The UAE also ranks first in the Arab world and the 20th globally among the most important countries investing in American markets. The UAE’s investments in research and development activities related to innovation and technology in the US amount to nearly USD 1. 7 billion and they have contributed to supporting US exports worth USD 1. 3 billion. Meanwhile, the