UAE is an important investor in the US economy, says US-UAE Business Council

President of the US-UAE Business Council Danny E. Sebright stated that strengthening the ties between the UAE and the United States will expand and develop the volume of trade exchange and mutual investments.

Mr. Danny said that in 2021, there was over US$25 billion in bilateral trade between the two nations, a great bounce after the worldwide pandemic.

“The UAE is an important investor in the US economy. Last year, it was estimated that the total 2020 stock of UAE Foreign Direct Investment in the US was $65 billion, of which more than $33 billion are a direct investment,” he said.

He also hightlighted that the UAE offers an attractive and integrated investment environment with its advanced infrastructure, globally competitive export/import sector, and pioneering logistical services.

“The UAE is already widely recognised by American businesses for these strengths. Another important strength of the UAE is its business-friendly regulatory environment. The UAE has also introduced a series of important new economic and social reforms known as the Projects of the 50 that make the UAE an even more attractive environment to conduct business. These new reforms will help make the UAE not just a regional business hub, but a truly global one,” he continued.