President H.H. Sheikh Mohamed’s visit articulates the UAE’s approach to strengthening bridges of partnership, promoting dialogue, and building effective and balanced relations….reports Asian Lite News
United States President Joe Biden is set to welcome the visiting President of the UAE His Highness Sheikh Mohamed bin Zayed Al Nahyan at the White House today.
Biden will greet the UAE President at the South Portico of the White House and later hold a bilateral meeting at the Oval Office, which will focus on the strategic partnership between the two countries.
His Highness Sheikh Mohamed will discuss with President Joe Biden the historical ties that link the UAE and the USA, which date back more than 50 years.
The two leaders will explore opportunities to further enhance bilateral cooperation and boost the UAE-US strategic partnership, particularly in the areas of the economy, investment, technology, artificial intelligence, space, renewable energy, climate action, sustainability solutions and other aspects that advance both nations’ vision for a more prosperous future for all.
During the visit, His Highness Sheikh Mohamed bin Zayed will meet with a number of US officials to discuss ways to develop UAE-US relations at all levels, and will exchange views with the US President on various regional and international issues of mutual interest.
Significant milestone
The official visit of President H.H. Sheikh Mohamed to the United States represents a significant milestone in the longstanding history of bilateral relations between the two nations, which began over half a century ago.
The visit underscores the strategic partnership between the two countries, characterised by deep, stable ties from the outset. The UAE remains a key partner of the United States both in the region and on the global stage.
The visit articulates the UAE’s approach to strengthening bridges of partnership, promoting dialogue, and building effective and balanced relations based on trust, credibility and mutual respect with countries around the world to enhance international stability and peace, and achieve development and prosperity for all peoples.
The UAE-US relationship is fundamentally strategic, with both nations committed to ongoing cooperation aimed at enhancing regional security, fostering economic prosperity, and addressing global challenges.
Bilateral collaboration spans multiple areas, including development, politics, security, economy, trade, and defence. The two countries also share numerous economic and security partnerships, bolstered by the announcement of the Abraham Accords in 2019.
The bilateral diplomatic relations between the UAE and the US were established shortly after the founding of the UAE in 1971. The UAE’s embassy in Washington was established in 1974, and the US embassy in Abu Dhabi opened in the same year.
The strong economic ties between the two countries are evident in the significant increase in non-oil foreign trade (excluding services), which reached $39.5 billion in 2023 compared to $23.8 billion in 2022.
The UAE’s imports from the United States increased to $25.9 billion in 2023, compared to $21.3 billion in 2022.
The UAE’s exports to the US increased from $3.2 billion in 2022 to $3.9 billion in 2023. Additionally, the UAE’s re-exports to the US rose in 2023 to $9.6 billion from $8.2 billion in 2022.
The UAE’s investments in the US amounted to $3.7 billion between 2018 and 2023, while US investments in the UAE reached $9.5 billion during the same period. The main sectors of UAE investment in the US include renewable energy, telecommunications, energy, real estate, software services, and information technology.
Several collaborative agreements in the domains of technology and artificial intelligence have been signed between the two nations in the current year. In June, World Wide Technology (WWT), a leading technology integration company based in the US, signed a strategic agreement with NXT Global to establish the UAE’s first AI Integration Centre in Masdar City, Abu Dhabi, which will be one of the most sustainable urban developments in the world.
In April, Microsoft announced a strategic investment of $1.5 billion in G42, further enhancing the growing collaboration in the fields of artificial intelligence and technology.
The launch of the UAE’s Hope Probe in 2021 significantly consolidating scientific cooperation in space exploration between the UAE and the US. This collaboration was clearly evident in the UAE’s new mission to the asteroid belt, conducted in partnership with the University of Colorado Boulder.
In this context, the UAE plays a key role in NASA’s Lunar Gateway project, where it will develop a dedicated airlock module for astronauts and scientists. Additionally, the UAE plans to send its first astronaut to lunar orbit, as announced in an initiative in June. The module, essential for the safety of astronauts and mission operations, is scheduled to be launched by 2030.
Climate action is one of the most important aspects of fruitful cooperation between the two countries, highlighted by the Partnership for Accelerating Clean Energy (PACE). This initiative aims to mobilise $100 billion to produce 100 gigawatts of clean energy by 2035.
The UAE is also co-leading the Agriculture Innovation Mission for Climate (AIM for Climate) with the US, which includes over 50 countries and 500 partners to promote sustainable agriculture. Additionally, Masdar has invested in 11 clean energy projects in the US, including the Big Beau project near Los Angeles.
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