Page 434 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

The forum discussions centred on enhancing cooperation in clean energy, finance, industrial
technology, and logistics. Emphasis was placed on sustainability and innovation as key areas for
future collaboration between German and Emirati businesses.
A significant highlight was the progress under the Energy Security and Industry Accelerator
Agreement signed in 2022. This agreement has facilitated investments in low-carbon ammonia,
LNG, and renewable energy projects like Masdar’s Baltic Eagle offshore wind farm. This project will
soon provide clean energy to 475,000 households in Germany.

Germany's increasing investment in the UAE's advanced technology sectors was also discussed.
The NextGen FDI initiative supports high-growth companies expanding into the region by focusing
on AI and industrial automation.

Trade Growth

The UAE's non-oil exports to Germany surged by 44.7% in 2024 to US$616 million, while re-exports
totalled US$1.1 billion. German imports to the UAE rose to US$12.1 billion, reinforcing Germany as
a key import partner within the EU.

The forum concluded with networking sessions and business matchmaking meetings that
facilitated direct engagement between UAE and German business leaders to explore new
investment opportunities.

Memorandums of Understanding

Several Memorandums of Understanding were exchanged during the forum for joint investments
between Emirati and German companies. These included investments by Germany’s Capital 468 in
UAE-based firms like Alaan and Flow48.

Additionally, Hydrum Technologies received investment for its market-making platform while Oro
secured funding for its digital platform for tokenised gold investments.

Germany’s ZenAdmin announced its expansion through acquiring a UAE-based IT platform. This
move supports local digital transformation efforts by reinforcing ZenAdmin's presence in the
market.

The forum showcased how both nations are committed to deepening their economic ties through
strategic partnerships across various sectors.

https://www.onearabia.me/business/uae-german-business-forum-abu-dhabi-economic-ties-011-
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