Saudi Press

Saudi Arabia and the world
Monday, Jun 02, 2025

UAE creates 120,000 jobs in the US as annual trade grows to $25bn

UAE creates 120,000 jobs in the US as annual trade grows to $25bn

John Rakolta Jr, the US Ambassador to the UAE, hails relationship, says more Arab countries to normalise relations with Israel

The UAE has created about 120,000 jobs in the United States through its investments in the country, according to John Rakolta Jr, the US Ambassador to the UAE.

The US-UAE Strategic Dialogue, new opportunities brought by the current health situation and peace accords in the region will help also grow bilateral economic and trade relations exponentially, the top US diplomat told state news agency WAM in an interview.

He said he is optimistic that the current $25 billion annual bilateral trade between the US and UAE will grow by 4-5 percent, without specifying the timeframe.

"I think Covid-19 brings all kinds of new opportunities for us to advance the growth, not only for our bilateral relationships, which is very strong as we already trade about $25 billion a year, [but across the region also]," Rakolta (pictured below) said in the interview at his residence in Abu Dhabi.



He added that the UAE, through its investments, has helped create about 120,000 jobs in the United States.

"And what Covid-19 has done is to allow us to advance more quickly the need to grow the markets, not only between the two of us, but here overall in the Middle East," he said.

"And I think that this blends in perfectly with the Abrahamic Accords, which is really offering a look forward to peace, prosperity for not only the citizens of Israel and the UAE, but also citizens of the greater Middle East. The potential here is enormous."

Asked about the bilateral economic and trade relations, the ambassador said: "The normal growth rate in the world is about two percent in good times or two to three percent. If we could get four or five percent growth rate, we would be doing very, very well. It will create a lot of new jobs and incomes would go up."



The US-UAE Strategic Dialogue, which was launched on Tuesday, recognises the strength of a bilateral relationship that has developed over the last 50 years, he told WAM.

"We are strategically aligned in many, many areas... broadly partners in defence and intelligence sharing, in counterterrorism, culture, the economy, trade, investment, space, human rights. The list goes on and on and so on," he added.

The UAE, led by Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and the United States, led by Secretary of State Michael Pompeo, on Tuesday committed to further develop bilateral ties and solidify the close partnership between the two countries through a new strategic dialogue initiative.



The initiative provides a framework to discuss cooperation in eight areas - political partnership; security cooperation; law enforcement and border security; intelligence and counterterrorism; human rights; economic, energy, and commercial partnership; cultural and academic exchanges; and space partnership.

Talking about the Abraham Accord, Rakolta said: "We are living in a very, very exciting time. And I have all the hope and confidence in the world that we're going to have great success," adding that more Arab countries will follow the UAE in recognising Israel.

"I am sure that we are going to see over the next weeks and months more countries joining this, because it's going to help their citizens through peace and prosperity," he said without naming other countries.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
×