United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan is officially visiting Washington, United States of America, on Monday. This is his first visit since becoming President of his country. US President Joe Biden has met his counterpart from the Emirates, while Vice President Kamala Harris and other officials will meet with the UAE President later on Monday. The two countries will discuss a “geo-economic relationship,” including the development of the UAE as an AI hub, as reported by CWEB news, and other issues of mutual interest.
The UAE President reaffirmed his country’s “unwavering commitment” to its partnership with the US. The two leaders discussed issues of regional and international importance and mutual interest.
In a briefing in Dubai on Thursday, Anwar Gargash, the president’s senior diplomatic advisor, told reporters, “The purpose of the visit is really from an Emirati perspective; it’s investing in our future… through an economic lens.”
Gargash said that other issues in the Middle East would be discussed. Still, the main focus of the president’s first visit would be expanding economic and security cooperation, as well as other key areas, including artificial intelligence, renewable energy, climate, and other challenges ahead.
In February 2024, Sam Altman, CEO of OpenAI, said the UAE could become the world’s “regulatory sandbox.”
As we reported, in April 2024, Microsoft invested $1.5 billion in G42, the country’s top artificial intelligence company.
Other major US business leaders, including BlackRock, Dell, and others, have shown interest in investing in AI and other technologies in the UAE.
The United States of America and the United Arab Emirates have been trade and investment partners for more than 50 years.
The UAE Embassy in Washington, D.C., reported that bilateral trade between the two countries was worth approximately $31.4 billion and that US exports to the UAE were more than $24.8 billion in value.
The UAE has invested about $1 trillion in the US in sectors such as real estate, infrastructure, and technology. The Monday meeting between the leaders of both countries is expected to expand the “geo-economic relationship” between the two countries.
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