Page 443 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/18/25, 3:36 PM UAE-German Business Forum Convened In Abu Dhabi - UrduPoint
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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