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 explored new bilateral investment and collaboration opportunities for private-sector companies with the US state of Texas, the single-largest state exporter to the UAE.
According to the statement, “While in Texas, Dr. Al Zeyoudi held a meeting with Austin Mayor, Mr. 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, the UAE minister 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 startups, which are deploying technologies such as AI, blockchain, and quantum computing to advance real estate, emergency response, logistics, utilities, and media sectors.
The UAE Minister emphasized 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 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, Dr. Al Zeyoudi said that the UAE is prioritizing investment into sectors such as renewable energy and clean tech as they represent not only high-growth potential but provide world-changing solutions to the critical issue of climate change.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
