UAE, US explore investment opportunities with focus on clean tech start ups

UAE, US explore investment opportunities with focus on clean tech start ups

ABU DHABI, 5th May, 2023 (WAM) -- A delegation of senior officials and business leaders from the UAE, headed by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has visited the US state of Texas, the single-largest state exporter to the UAE, to identify new bilateral investment and collaboration opportunities for private-sector companies.

While in Texas, Al Zeyoudi held a meeting with Austin Mayor, Kirk Watson where he promoted the UAE’s streamlined business registration process, skilled workforce, and world-class infrastructure, to invite further inbound investment and trade from the state. In addition, he attended an Austin Chamber of Commerce Roundtable, where his delegation was joined by several senior state officials to explore new avenues to boost bilateral trade, especially in the IT, automotive parts, and machinery verticals.

Dr. Al Zeyoudi also held a number of one-on-one meetings with leading Austin-based start-ups, which are deploying technologies such as AI, blockchain, and quantum computing to advance real estate, emergency response, logistics, utilities, and media sectors.

Al Zeyoudi emphasised the UAE’s unique innovation ecosystem during the meets and highlighted the market-access incentives provided by the NextGenFDI initiative such as rapid incorporation and licensing, bulk visa issuance, and ready access to banking facilities