Page 408 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/18/25, 3:57 PM UAE-Germany Forum Strengthens Economic Ties with New Investments – UPPERNEWS – Business, startups & technology news
strategic role as a gateway to high-growth markets, offering German businesses access to Asia, Africa, and the
Middle East.

Germany’s Finance Minister, Dr. Jörg Kukies, emphasized the importance of the UAE as a key partner for Germany’s
trade and investment, particularly in areas like green energy and digital transformation. He expressed optimism
about joint projects in clean energy and advanced industrialization, aligning with global transitions toward
sustainability and innovation.

One key highlight of the forum was the progress under the Energy Security and Industry Accelerator Agreement
signed in 2022. This agreement has driven investments in renewable energy projects such as Masdar’s Baltic Eagle
offshore wind farm, which will soon power 475,000 German homes with clean energy.

Discussions also focused on Germany’s growing investments in the UAE’s advanced technology, AI, and industrial
automation sectors, supported by the UAE’s NextGen FDI initiative.

The forum concluded with several agreements, including investments by Germany’s Capital 468 in UAE companies
such as Alaan, Flow48, and Hydrum Technologies. Additionally, ZenAdmin, a German IT and HR automation
company, announced its expansion in the UAE through the acquisition of a local IT platform.

The event underscored the flourishing trade relationship between the two nations, with Germany maintaining its
position as the UAE’s second-largest trade partner in the EU. Re-exports and non-oil exports from the UAE to
Germany saw significant growth in 2024, further strengthening economic ties.

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