Page 399 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/18/25, 3:56 PM UAE and Germany strengthen economic ties with UAE-German Business Forum in Abu Dhabi
Dhabi Global Market (ADGM), gathered senior government officials, industry leaders, and private sector
representatives from both nations to explore opportunities for further collaboration in key strategic
sectors.

The forum was attended by HE Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade,

and HE Dr. Jörg Kukies, Germany’s Minister of Finance, along with HE Ahmed Alattar, UAE Ambassador
to Germany, and HE Alexander Schönfelder, German Ambassador to the UAE, and leading figures from
the UAE and German business communities.

Expanding Trade and Investment Opportunities

In his opening remarks, HE Dr. Thani Al Zeyoudi underscored the strength of the UAE-Germany

economic relationship and the potential to further expand bilateral trade and investment.

“Germany remains one of the UAE’s most important economic partners, with our non-oil trade reaching
$13.8 billion in 2024, a 5.4% increase over the previous year and nearly double the global trade growth
average. Today’s forum provides a valuable opportunity to build on this momentum, identifying new
areas for collaboration in renewable energy, Industry 4.0, industrial technology, logistics, and advanced

manufacturing,” he stated.

He highlighted the UAE’s growing role as a gateway to high-growth markets, offering German
businesses unparalleled access to Asia, Africa, and the Middle East through its Comprehensive
Economic Partnership Agreements (CEPA) program, which covers over a quarter of the world’s

population.

From the German side, HE Dr. Jörg Kukies reaffirmed Germany’s commitment to deepening its trade
and investment ties with the UAE.

“The UAE, as a major gateway to regional and global markets, is a strategic partner for Germany and we
look forward to strengthening and expanding cooperation especially in the fields of advanced

technology, clean energy, trade and sustainable investment.

“As global economies transition toward green energy, digital transformation, and advanced
industrialization, we see significant opportunities for German and Emirati businesses to collaborate on
high-impact projects,” he said.

Key Sectors Driving Growth

The forum discussions focused on strengthening cooperation in clean energy, finance, industrial
technology, and logistics, with an emphasis on sustainability and innovation.

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