Our trip there was amazing. He said that the digital, aerospace, and drone industries had proven to be fertile ground for “really special common ground” between Utah and the Gulf, saying, “I loved my time in Dubai and Abu Dhabi as well.”Our trip there was amazing. He said that the digital, aerospace, and drone industries had proven to be fertile ground for “really special common ground” between Utah and the Gulf, saying, “I loved my time in Dubai and Abu Dhabi as well.
Our interactions with the sovereign wealth funds and the investment prospects have been much welcomed. In order for them to collaborate on investments, we also put some of our venture capital firms in touch with UAE SWFs. We are heavily concentrating on a few economic sectors, including biotech, technology, defense, and aerospace. There are undoubtedly prospects for sovereign wealth funds to participate in the rapidly expanding bio sciences sector. We were also working a lot in the finance area, so it’s a major one for us,” he continued.
He also mentioned that the state had held talks with representatives of sovereign wealth at the Select USA investment forum in Washington, DC, and had started to link its venture capital firms with Gulf sovereign funds so the two sides could co-invest.Cox identified energy as the state’s greatest opportunity, along with aerospace and defense, technology, biotech and life sciences, and financial services as priority industries for incoming investments.
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