Abu Dhabi, UAE – A delegation from the UAE, headed by Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, visited Texas in the US, to seek investment and collaboration opportunities for private-sector companies.
Al Zeyoudi met with Mayor Kirk Watson in Texas where he promoted the UAE’s business registration process, workforce, and infrastructure, to invite further inbound investment and trade from the state, WAM reported.
He attended an Austin Chamber of Commerce Roundtable to explore new avenues to boost bilateral trade, especially in the IT, automotive parts, and machinery verticals.
Al Zeyoudi also held multiple meetings with leading Austin-based start-ups, deploying technologies such as AI, blockchain, and quantum computing to advance real estate, emergency response, logistics, utilities, and media sectors.
He emphasized the UAE’s unique innovation ecosystem during the meets and highlighted the market-access incentives provided by the NextGenFDI initiative such as rapid incorporation and licensing, bulk visa issuance, and ready access to banking facilities and real estate.
Al Zeyoudi said that the UAE is prioritizing investment into sectors such as renewable energy and clean tech as they represent not only high-growth potential but provide world-changing solutions to the critical issue of climate change.
“The United States is a long-standing trade and investment partner for the UAE – and an important ally in the battle to develop alternative sources of energy,” said Al Zeyoudi.
“In November 2022, we signed the Partnership for Accelerating Clean Energy, which is mobilizing US$100 billion to develop 100 gigawatts of clean energy by 2035, and we remain committed to finding new avenues of cooperation to uphold our Net Zero pledge.”
“It has been highly encouraging to see the innovation on display here in the US in a wide number of areas, from low-carbon transport and hospitality to smart cities, and we are keen to pursue partnerships that will further their development,” he added.