Strengthening UAE–US Economic Ties: Insights from Recent Meetings
Overview of Economic Relations
Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of Foreign Trade, recently highlighted the robust economic relationship between the UAE and the United States during a series of meetings with influential business leaders in New York. These discussions took place against the backdrop of the UN General Assembly, emphasizing the importance of bilateral trade and investment.
Impressive Trade Growth
The figures speak volumes about the strengthening ties. Non-oil trade between the UAE and the US reached an impressive $38 billion in 2024, showcasing a remarkable 44.5% growth over the past five years. The momentum has continued into 2025, with the first half of the year alone recording $19.3 billion in non-oil trade. This upward trajectory underscores the potential for further economic collaboration.
Key Discussions and Engagements
During his time in New York, Al Zeyoudi participated in high-level discussions at a UAE–US Business Council roundtable and a session hosted by the US Chamber of Commerce. These gatherings brought together prominent US business leaders and policymakers, focusing on ways to enhance bilateral trade and investment partnerships.
Al Zeyoudi emphasized the significant opportunities for expanding economic ties through collaboration in sectors of mutual interest. He noted that the United States ranks as the UAE’s sixth-largest trading partner, which further illustrates the importance of this relationship.
Commitment to Innovation and Growth
In his remarks, Al Zeyoudi stated, “The UAE and the US are enduring partners, driven by the same pursuit of innovation, development, and economic growth.” He expressed optimism about the potential to unlock new avenues for innovation, create jobs, and lead global efforts in developing technologies crucial for the future.
The minister’s vision for the partnership includes a commitment to sustainability and prosperity, aiming to work closely with the US to foster advancements in technology that can benefit both nations.
Landmark Investments in Clean Energy and Aluminium
The discussions also highlighted significant Emirati investments in the US, particularly in the clean energy sector and aluminium production. A notable collaboration between ADQ and Energy Capital Partners has led to the establishment of a $25 billion joint venture focused on US energy production. This investment reflects a strategic move towards enhancing energy capabilities and sustainability.
Additionally, Emirates Global Aluminium is making headlines with its $4 billion investment to build the first new aluminium smelter in the US in 45 years. This project is expected to generate thousands of jobs and bolster US production in critical areas such as semiconductors and electric vehicles.
Deepening Economic Engagement
At the US Chamber of Commerce roundtable, Al Zeyoudi reiterated the growth potential of UAE–US relations and emphasized the need for deeper engagement between the two economies. The meetings included key public sector officials from the US, showcasing a shared commitment to collaboration and mutual growth.
These discussions are not just about numbers; they lay the groundwork for advancing trade relations and promoting technological innovation. The strategic partnership between the UAE and the US is poised for further strengthening, with both nations eager to explore new opportunities.
Conclusion
The recent meetings in New York serve as a testament to the enduring and evolving relationship between the UAE and the US. With a focus on innovation, sustainability, and mutual benefit, both countries are well-positioned to navigate the complexities of the global economy together. The future looks promising as they continue to build on their strong economic ties.
