Page 402 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/18/25, 3:56 PM UAE-Germany Business Forum Strengthens Bilateral Trade and Investment Ties
The forum was attended by Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for

Foreign Trade, and Dr. Jörg Kukies, Germany’s Minister of Finance, alongside

ambassadors and key business figures.

Dr. Al Zeyoudi emphasized the strength of bilateral trade, highlighting that UAE-Germany
non-oil trade reached $13.8 billion in 2024, marking a 5.4% increase from the previous

year. He underscored the UAE’s role as a global trade hub, offering German businesses

access to Asia, Africa, and the Middle East through the Comprehensive Economic

Partnership Agreements (CEPA) program.

Dr. Kukies reaffirmed Germany’s commitment to expanding ties with the UAE, particularly

in advanced technology, clean energy, trade, and sustainable investment. Discussions also

centered on progress under the Energy Security and Industry Accelerator Agreement,

supporting investments in low-carbon ammonia, LNG, and renewable energy projects like
Masdar’s Baltic Eagle offshore wind farm, which will power 475,000 German households.

Germany’s investment in the UAE’s AI, industrial automation, and fintech sectors continues

to grow, supported by the UAE’s NextGen FDI initiative. The forum concluded with

networking sessions and the signing of several MoUs, including German firm Capital 468’s

investments in UAE startups and ZenAdmin’s expansion into the UAE’s digital market.

With Germany as the UAE’s second-largest EU trade partner, the forum reinforced both

nations' commitment to economic cooperation and innovation-driven growth.

News Source: Emirates News Agency

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