The UAE officials also announced that they signed a Memorandum of Understanding (MOU) with the US Department of Commerce, which will increase cooperation between the UAE and US in the fields of digital economy, innovation and entrepreneurship.
The MOU will promote closer bilateral collaboration across key areas that are driving UAE economic growth and diversification. These include policy development, intellectual property rights, policy exchanges and dialogues, and network building and matchmaking for entrepreneurs in both countries.
“New initiatives and greater cooperation with the US will improve the UAE’s position as the Middle East’s preferred business hub,” said Saud Al Nowais, UAE Commercial Attaché to the U.S. “Together, the UAE and the US will continue to play a significant role in a comprehensive and rapid global recovery and develop UAE business sectors that are competitive at a global level.”
Members of the UAE delegation visited