Al Zeyoudi strengthens UAE-U.S. ties in expertise, innovation with Silicon Valley go to

Assembly identifies potential partnerships in high-priority fields reminiscent of AI, machine studying and local weather expertise

The UAE’s Minister of State for Overseas Commerce, Dr. Thani bin Ahmed Al Zeyoudi, not too long ago concluded his go to to San Francisco and close by Silicon Valley, which aimed to spice up UAE-U.S. financial cooperation and discover partnerships within the expertise and innovation sectors.

Dr. Al Zeyoudi held a number of discussions with stakeholders, main expertise corporations and native entrepreneurs. Through the discussions, he sought to determine potential partnerships in high-priority fields reminiscent of synthetic intelligence (AI), machine studying and local weather expertise.

Collaboration in cutting-edge disciplines

As well as, the minister outlined the UAE’s superior expertise ambitions and investment-friendly enterprise setting, extending an invite to U.S. traders, startups and expert professionals to discover its growth alternatives.

Dr. Al Zeyoudi mentioned with U.S. stakeholders joint initiatives, analysis collaboration, and exchanging data and experience in rising disciplines reminiscent of AI, information analytics and sustainable applied sciences.

The minister’s go to to the U.S. underlines the UAE’s dedication to securing world partnerships that speed up its industrial and technological capabilities. Furthermore, it restates the nation’s objectives of additional bolstering its place as a vacation spot for funding and innovation.

“The West Coast of the U.S. is the worldwide epicenter of expertise and innovation, and the UAE has a lot to achieve from nearer ties to Silicon Valley’s vibrant ecosystem,” said Dr. Al Zeyoudi.

He added that this go to falls in keeping with the UAE’s efforts to ascertain long-standing partnerships within the personal sector, public sector and tutorial ranges. Furthermore, it leverages the U.S.’s data and expertise and accelerates the UAE’s technological capabilities.

“Expertise is a key pillar of our financial development and diversification agenda and it’s very important we will construct productive and mutually helpful relations with the world’s main exponents,” he added.

Learn: Dubai Airports leverages AI to streamline stock administration, improve airport operations

U.S. is the third-largest buying and selling associate globally

The U.S. is the UAE’s third-largest buying and selling associate globally, accounting for five.6 p.c of the nation’s complete non-oil commerce. As well as, the UAE is the U.S.’s most vital buying and selling associate within the Arab world, with bilateral commerce comprising 27 p.c of the USA’s non-oil commerce with the area.

Moreover, the UAE has $38.1 billion in belongings within the U.S., which is greater than 50 p.c of the whole FDI from Arab international locations within the U.S. on the finish of 2022. These investments are primarily in transportation, enterprise companies, software program and IT companies, actual property, meals and drinks, and aerospace.

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