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US imports to UAE worth $12 billion last year

US Assistant Commerce Secretary said UAE increasingly seen as ideal for regional headquarters of American businesses.

May 31, 2010 9:47 by

US imports to the UAE topped $12 billion last year – a six-fold increase in the last decade, according to US Assistant Commerce Secretary Suresh Kumar, reported Monday.

The UAE is one of the largest markets for American goods and services imported to the region, Kumar added.

US foreign direct investment in UAE in 2008 was worth more than $3.4 billion, and UAE companies’ foreign direct investment in the US was worth more than $2.7 billion in 2008, he said.

Last year, China surpassed the US as the largest importer of goods into the UAE.

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