Abu Dhabi – Mubasher: Non-oil trade between the UAE and the US amounted to $30.6 billion in 2017, registering as much as 19% increase between 2012 and 2017.

US investments in the UAE reached about $5.2 billion by the end of 2016, making the US the third largest foreign investor in the GCC nation, Juma Mohammed al-Kait, assistant undersecretary for foreign trade at the Ministry of Economy, revealed in a statement on Tuesday.

The US’ investments are mainly directed at information communication technology (ICT), financial services, insurance, real estate, manufacturing, mining, healthcare, transport, warehousing, wholesale and retail sectors.

Meanwhile, the UAE’s investments in the US are spreading across technology industries, automobiles, aluminum, food, economic zones, financial and banking services, shipbuilding, oil and gas sector, management and operation of seaports, tourism, wholesale and retail trade, e-commerce and information technology