Page 397 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

million, while re-exports totalled $1.1 billion, highlighting Germany’s role as a key gateway for
global trade.

Additionally, German imports to the UAE increased to $12.1 billion, cementing Germany’s position
as the UAE’s second-largest import partner within the EU and further accelerating the upward
trajectory of trade relations between the two economies.

The forum concluded with networking sessions and business matchmaking meetings, facilitating
direct engagement between UAE and German business leaders to explore new investment and
trade opportunities.

The forum also witnessed the exchange of several Memorandums of Understanding on joint
investments between Emirati and German companies, particularly in fintech, digital
transformation, and sustainable investments.

The agreements included an investment by Germany’s Capital 468 in several UAE-based
companies, such as the digital payment platform Alaan and the financing company Flow48.

Additionally, investments were made in Hydrum Technologies, a market-making platform, and Oro,
a digital platform for tokenised gold investments.

Furthermore, Germany’s ZenAdmin, a specialist in IT and HR automation solutions, announced its
expansion through the acquisition of a UAE-based IT platform, reinforcing its presence in the local
market and supporting the country’s digital transformation efforts.

https://en.aletihad.ae/news/business/4549315/uae-german-business-forum-convened-in-abu-
dhabi