H.E. Abdulla Bin Touq Al Marri, Minister of Economy, engaged in discussions with Eric Adams, Mayor of New York City, during his official visit to the United States. The meeting, held on the sidelines of the visit, focused on enhancing economic collaboration, particularly in new and sustainable sectors.
Highlighting the robust strategic ties between the UAE and the USA across various domains, H.E. Bin Touq emphasized the shared vision of both nations to embrace innovative economic models. He underscored the significant economic resources and potential possessed by both countries, as well as their strategic geographical locations facilitating access to regional and global markets.
The meeting explored opportunities for strengthening economic relations and fostering better communication between the UAE and American private sectors. Efforts to create new avenues for growth were discussed, considering the promising opportunities available in both markets. Additionally, the importance of enhancing cooperation in economic affairs to facilitate the transition towards a digital economy and combat financial crimes was emphasized.
H.E. Bin Touq highlighted the UAE’s commitment to economic openness and its role in supporting major economic blocs globally. He emphasized the UAE’s status as a competitive economic hub, connected to over 400 cities worldwide and boasting the largest shipping line network spanning 88 ports.
The Minister of Economy briefed Mayor Adams on the UAE’s trade and investment initiatives, including the ‘Projects of the 50’ and the UAE Centennial Plan 2071. These initiatives aim to enhance the country’s global economic standing by offering attractive investment incentives within a thriving economic landscape. The comprehensive development of economic legislation, such as granting 100% foreign ownership of companies and flexible tax policies, further solidifies the UAE’s position as a global hub for business and investment.
