Long Term Economic Partners
With one of the most open and innovative economies in the world, the UAE is a dependable and substantial economic partner with the United States.
The UAE is the United States’ single largest export market in the Middle East, with more than $22 billion in exports in 2012 – the fourth straight year the UAE has held this distinction.
US companies have played major roles in the development of UAE energy resources, which represent about 10 percent of global oil reserves.
The UAE is the only oil producer in the Gulf to maintain private-sector participation in the oil industry.
More than 1000 US firms have a presence in the UAE, from Bechtel and ExxonMobil to Starbucks and Cold Stone Creamery.
UAE investment has been a dependable and long-term engine of growth for the US economy, injecting capital, expanding market access, creating jobs and contributing to mutual prosperity.