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2/18/25, 3:57 PM UAE and Germany Strengthen Economic Ties at UAE-German Business Forum in Abu Dhabi - The Gulf Observer
The event 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 top
diplomats such as Ahmed Alattar, UAE Ambassador to Germany, and Alexander
Schönfelder, German Ambassador to the UAE.

In his opening remarks, Dr. Al Zeyoudi emphasized the significance of the UAE-
Germany economic relationship, highlighting that non-oil trade between the two
countries reached US$13.8 billion in 2024, a 5.4% increase from the previous year. He
stressed the UAE’s growing role as a gateway to high-growth markets and noted the
potential for increased collaboration in renewable energy, Industry 4.0, advanced

manufacturing, and logistics.

Dr. Kukies reaffirmed Germany’s commitment to deepening trade and investment ties
with the UAE, particularly in advanced technology, clean energy, and sustainable
investments. He emphasized that the ongoing global transition toward green energy

and digital transformation presents significant opportunities for collaboration between
the two nations.

Discussions at the forum centered on enhancing cooperation in clean energy, finance,
and industrial technology, with a particular focus on sustainability. A key highlight was

the progress made under the Energy Security and Industry Accelerator Agreement,
which has already facilitated investments in low-carbon ammonia, LNG, and renewable
energy projects, including Masdar’s involvement in the Baltic Eagle offshore wind farm
in Germany.

The forum also addressed Germany’s increasing investment in the UAE’s advanced

technology and AI sectors, benefiting from the UAE’s NextGen FDI initiative, which
supports high-growth companies expanding into the region.

The UAE and Germany’s economic partnership continues to strengthen, with the UAE’s
non-oil exports to Germany increasing by 44.7% in 2024, reaching US$616 million.

Additionally, re-exports amounted to US$1.1 billion, demonstrating Germany’s critical
role in global trade.

The forum concluded with business matchmaking sessions and the signing of several
Memorandums of Understanding (MoUs) for joint investments in fintech, digital

transformation, and sustainable initiatives. Notable agreements included investments
by Germany’s Capital 468 in UAE-based companies such as Alaan, Flow48, and Hydrum
Technologies, alongside an expansion by Germany’s ZenAdmin into the UAE’s IT sector.

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