UAE Ambassador acclaims economic ties with US

Washington, D.C. - Aug 19, 2009 (WAM) - Yousef Al Otaiba, UAE Ambassador to United States, has lauded its strong economic and trade ties with latter.
Speaking to Los Angeles World Affairs Council (LAWAC), he also highlighted the strong UAE-US economic relationship, discussed other matters of mutual interest with California and shared commitment to renewable energy and burgeoning entertainment industry partnerships.
While talking about the deep economic ties between California and the UAE, he cited numerous examples, including UAE investments in California businesses and recent trade data, showing that in 2008, California exported over US$1 billion in goods to the UAE - the fourth most of any state.
Moreover, he highlighted how UAE entertainment and production companies are increasingly partnering with Los Angeles-based studios to produce film and television projects and expand the entertainment industry in the UAE.
While in Los Angeles, Ambassador Al Otaiba also met with senior state government advisors, business executives and community leaders, as well as numerous representatives from the Hollywood and Abu Dhabi entertainment industries.
Throughout his visit to Los Angeles, he discussed ways to further promote cooperation in the entertainment sector and increase the number of projects produced in the UAE.
Imagenation and twofour54, Abu Dhabi-based media and entertainment production companies, hosted a reception in honor of Ambassador Al Otaiba with Hollywood studio executives and personalities. Mohamed Khalaf Al-Mazrouei, Chairman of Abu Dhabi Media Company, also attended the event. - Emirates News Agency, WAM