Abu Dhabi Economic Delegation Visits The US To Strengthen Investment Partnerships

The Abu Dhabi Department of Economic Development (ADDED) is spearheading a significant economic mission to the United States. This initiative aims to bolster strategic alliances with major global economies and enhance Abu Dhabi's reputation as a hub for talent, business, and investment.

Leading the delegation is Ahmed Jasim Al Zaabi, Chairman of ADDED. The group comprises over 100 senior figures from 44 entities within Abu Dhabi's government and private sectors. Notable participants include the Abu Dhabi Chamber of Commerce and Industry, Abu Dhabi Global Market (ADGM), and Mubadala.

The visit will involve high-level discussions with US business leaders and investors in key sectors. These meetings aim to explore new avenues for collaboration and investment. A highlight of the trip is the Abu Dhabi Investment Forum (ADIF) in New York, organised with ADIO and ADGM.

A Family Business roundtable will also be held by the Abu Dhabi Chamber in partnership with the Business Council for International Understanding (BCIU). This event will spotlight Abu Dhabi's ongoing economic transformation and its role as a global business hub.

Al Zaabi stated, "The United States is a long-standing and strategic partner to Abu Dhabi and the UAE, and our economic ties continue to thrive across key sectors. This visit will build on our shared commitment to innovation, sustainability, and inclusive growth by engaging leaders who are shaping the economic landscape to take our cooperation to new heights."

He further noted that partnerships are being strengthened with leading economies while showcasing opportunities offered by Abu Dhabi’s ‘Falcon Economy’. Key areas include AI, startups, agritech, finance, new energy, life sciences, and advanced manufacturing.

Trade Relations Between UAE and US

The United States remains a crucial trading partner for both Abu Dhabi and the UAE. In 2024, bilateral trade reached US$34.4 billion, an increase of 8.5% from the previous year. The UAE continues to be the largest US trading partner in the Middle East.

This trade relationship spans all 50 US states and supports over 184,000 jobs. The UAE has invested over US$1 trillion in the US economy, fostering growth and job creation across various sectors.

Investment Commitments

The UAE has pledged to invest $1.4 trillion in the US over the next decade. This investment focuses on AI development, infrastructure, energy, advanced manufacturing, technology innovation, space exploration, and aviation.

Abu Dhabi's business environment continues to attract US companies actively participating in its innovation-driven economy. Many US financial institutions are now registered at ADGM, which is MENA's largest international financial centre.

This mission underscores Abu Dhabi's dedication to expanding international engagement while building on deep-rooted economic relationships with key partners like the United States.

With inputs from WAM