Arab News
Arab news,
Thu, Oct 09, 2025 | Rabi al-Thani 17, 1447
Abu Dhabi signs multi-sector agreements in US investment push
Emirates:
The UAE strengthened its economic partnership with
the US during a three-day visit to New York, where Abu Dhabi officials signed a
series of agreements in technology, finance, energy, and manufacturing.
The high-level delegation, led by Ahmed Jasim Al-Zaabi,
chairman of the Abu Dhabi Department of Economic Development, met with US
government officials and business leaders to boost trade and investment
cooperation, according to the Emirates News Agency, also known as WAM.
The visit witnessed the inking of agreements to
enhance cooperation in sectors including startups, family businesses, and small
and medium enterprises, as well as digital infrastructure, new energy, advanced
manufacturing, and financial services.
The two countries share a strong and growing
economic relationship, with bilateral trade reaching $34.4 billion in 2024 — an
8.5 percent increase year on year — making the UAE the largest US trading
partner in the Middle East, with trade spanning all 50 US states and supporting
over 184,000 jobs.
In a statement, Al-Zaabi said: “We are proud of
our strong and evolving partnership with the US. This visit has enabled us to
build more collaborative initiatives to harness new trends, mega shifts, and
technological transformations witnessed by the global economy.”
He added: “Backed by five decades of fruitful
cooperation, our trade and investment ties with the US continue on an upward
trajectory,” noting that mutual investments are also increasing and expanding,
supercharging growth across various sectors and industries, and creating
thousands of jobs.
He emphasized that this growth reflects the depth
and strength of their cooperation with the US and affirmed their commitment to
further enhancing it, enabling businesses and investors to grow, thrive, and
expand.
In recent years, Abu Dhabi’s non-oil trade with
the US has grown by 28.4 percent, while US companies operating in Abu Dhabi have
seen a 52.9 percent compound annual growth rate, reflecting deepening ties in
key economic sectors.
According to a report released in May by the White
House, US President Donald Trump announced over $200 billion in commercial deals
between the two countries — bringing the total of investment agreements in the
Gulf region to over $2 trillion.
This builds on the UAE’s commitment to a 10-year,
$1.4 trillion investment framework that will contribute to the US boom in AI
infrastructure, semiconductors, energy, quantum computing, biotechnology, and
manufacturing, as per the US official release.
The New York event brought together 15 of Abu
Dhabi’s largest listed companies from diverse sectors, with a combined market
capitalization exceeding $300 billion, and featured more than 100 one-on-one
meetings with leading US institutional investors managing assets of over $10
billion.
The delegation included senior officials from Abu
Dhabi’s public and private sectors, among them Ghannam Al-Mazrouei, chairman of
the Abu Dhabi Securities Exchange Group, Hamad Sayah Al-Mazrouei, undersecretary
of ADDED, and Badr Al-Olama, director general of the Abu Dhabi Investment
Office.