– Within the framework of the visit of the UAE delegation to the United States of America headed by the Minister of Economy.
– Ibn Touk meets with the Governor of Maryland and they discuss opportunities to develop trade exchanges, diversify and increase the volume of investments with the state.
– Ibn Touq: Emirati companies with their global capabilities and expertise are able to support development plans in Maryland in partnership with the private sector.
The UAE calls on the business sector in Maryland to take advantage of the opportunities offered by the state as a vital gateway to trade and investment, and to access wide markets in Asia and Africa.
Determining the sectors of security, information technology, health care, space and military industries for cooperation and commercial and investment partnership during the next phase.
Emphasizing the importance of the active participation of Maryland companies in Expo 2020 Dubai to showcase their products and services to an audience from all over the world.
Agreeing on plans for cooperation to open new paths for the flow of trade and investments between the UAE and Maryland, and to enhance the private sector’s benefit in the two countries from promising opportunities in their markets.
– A review of the “50 projects” and the opportunities offered by the new economic model in the UAE to partner with the business community in Maryland and the entire American market.
– $63 million Maryland exports of goods and services to the UAE in 2020, and $314 million in total exports during the period 2017-2020.
ABU DHABI, 22nd September / WAM / His Excellency Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Larry Hogan, Governor of Maryland, and meetings with the business community in the state. Emirates and state markets, especially at the level of the private sector.
During the meeting, a number of key sectors for commercial and investment cooperation and partnership between Emirati companies and the business community in Maryland were identified during the next phase, foremost of which are security, information technology, health care, the space sector and military industries.
The meeting came within the framework of the official visit led by His Excellency at the head of a large official and commercial delegation from the UAE to the United States of America to discuss ways of developing the economic partnership between the two countries to new levels and increasing and diversifying trade and mutual investment between the two sides during the next stage.
His Excellency briefed government officials and the business community in Maryland on the pioneering economic developments taking place in the UAE, especially in light of the launch of the fifty projects, which pave the way for a new phase of economic work in the UAE. He also reviewed the promising opportunities offered by the investment environment in the UAE to partners from various All over the world, the leading economic elements, incentives and benefits offered by the new business climate in the UAE as a vital gateway for American companies wishing to establish and expand their commercial and investment activities in Asia and Africa from the UAE.
Ibn Touk said: “The UAE-US relations are strong strategic relations and witness diversity and growth in various fields. We are keen to develop the economic and trade partnership with the state of Maryland, and to enhance the investments of Emirati companies in it. We affirm our interest in inviting state companies to increase their trade with the UAE and take advantage of the opportunities and partnerships that It is provided by the promising sectors in the UAE as a leading commercial and investment center in the region and provides a vital gateway that facilitates the access of American companies to huge markets and wide opportunities in Asia and Africa.”
His Excellency Ibn Touk stressed that Emirati companies, with their global and cumulative experiences through their investments in most countries of the world, and their capabilities and modern technologies, can contribute effectively to the comprehensive development plan in Maryland in partnership with their private sector, and for the benefit of all parties. He also called on His Excellency Ibn Touq, the Governor of Maryland, and the business community to actively participate in Expo 2020 Dubai.
In detail, His Excellency Ibn Touq discussed with the Governor of Maryland opportunities to increase and diversify Emirati investments in the state, and they agreed to identify the health care, manufacturing, technology and electronics sectors as the main axes for increasing joint commercial and investment activities between the two sides during the next stage, and encouraging the private sector and companies of both parties to take advantage of opportunities offered in each of them in these sectors.. Maryland’s exports of goods and services to the UAE in 2020 alone amounted to about 63 million dollars, while the total exports during the period 2017-2020 amounted to about 314 million dollars.
In addition, His Excellency Bin Touq called on Maryland companies to enhance their presence in the UAE markets, and to take advantage of the activities of Expo 2020 Dubai, which will start next October, as the most prominent global platform for displaying products and services, reaching markets from different countries of the world, and forging new partnerships that serve growth plans. for these companies.
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