Page 430 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/18/25, 3:34 PM UAE-German Business Forum convened in Abu Dhabi

The forum was attended by Thani bin Ahmed Al Zeyoudi, Minister of State for
Foreign Trade, and Jorg Kukies, Germany's Minister of Finance, along with
Ahmed Alattar, UAE Ambassador to Germany, and Alexander Schonfelder,
German Ambassador to the UAE, and leading figures from the UAE and German
business communities.

In his opening remarks, 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 USD 13.8 billion in 2024, a 5.4 per cent 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, Jorg 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 industrialisation, we see significant opportunities for German and
Emirati businesses to collaborate on high-impact projects," he said.

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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