UAE, US explore investment opportunities with focus on clean tech startups

UAE, US explore investment opportunities with focus on clean tech startups

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, visited the US state of Texas, 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 infrastructure, to invite further inbound investment and trade from the state. Dr Al Zeyoudi also held a number of one-on-one meetings with leading Austin-based startups, 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 licencing, bulk visa issuance, and ready access to banking facilities and real estate. The Texas tour concluded with a site visit to Stealth Power, a provider of fleet electrification and off-grid solutions that lower carbon emissions across utility, emergency, and military fleet vehicles. Commenting on the visit, Al Zeyoudi said that the UAE is prioritising investment into sectors such as