Page 428 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/18/25, 3:34 PM UAE-German Business Forum convened in Abu Dhabi
globally, reinforcing the strength of their long-standing economic partnership and the steady growth
of bilateral trade.

The UAE's non-oil exports to Germany grew significantly by 44.7 percent in 2024, reaching
US$616 million, while re-exports totalled US$1.1 billion, highlighting Germany's role as a key
gateway for global trade. Additionally, German imports to the UAE increased to US$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.

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