Media ININ Economy We Trust
23-05-2019 media IN \Abu Dhabi
The United Arab Emirates (UAE) will hold a delegation headed by HE Sultan bin Saeed Al Mansouri, Minister of Economy, at the “Select American Investment 2019” summit which will be held in Washington DC from June 10 to 12.
The delegation includes the Undersecretary of the Ministry of Economy for Foreign Trade Affairs, along with representatives of the federal and local authorities, the private sector and the participation of the Emirates Council for investors abroad.
The Select America Investment Summit is the premier event on promoting foreign direct investment in the United States. It provides a broad platform that brings together the various stakeholders involved in investing in the US market, both in government institutions, as well as organizations involved in financing, facilitating investment and business, as well as businessmen and investors from the sector.
The summit focused on reviewing the most important opportunities for investors in the US market, the most important laws and regulations regulating the business environment, industry trends and the possibility of partnerships.
In addition to the summit, the UAE delegation will participate in the meetings of the UAE-UAE Business Council, which will be held in the US capital on the sidelines of the Summit, and will be attended by representatives of business communities, companies and investors from both countries.
One of the officials said in his speech that UAE and the United States of America enjoy distinct bilateral relations based on respect for mutual interests and mutual benefit. UAE is America’s first trading partner in the region. The United States is the third largest trading partner in the UAE and the third largest foreign investor of the State.
The volume of non-oil trade between the two countries registered a growth rate of 9.7% during the years 2013-2017, while the volume of non-oil trade between the two countries during the first nine months of 2018 worth 20.5 billion dollars, while estimated US investments in the country markets In the range of $ 5.2 billion, compared to $ 3 billion in UAE investments in US markets.
The importance of “Select America Investment” Summit, provides businessmen with wide channels of communication with those interested in investing in the US markets. The summit witnessed its previous session attended by more than 3,000 participants from about 66 countries and 51 states, which makes it the biggest platform that gathers To discuss partnerships, business opportunities, ongoing investment projects, facilities and incentives for US investors.
According to the summit, the meetings held during the previous session of the Summit resulted in projects valued at about $ 98 billion in foreign direct investment in the United States. There were also about 2,700 bilateral meetings between organizations, foundations, investment funds, businessmen and companies. More than 100 exhibitors on investment opportunities in various fields and economic and trade activities in the United States markets.
