Page 253 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

As such, it has many synergies with the UAE, which is reflected in the growing ties between the two,
including Emirati investments into North Rhine-Westphalia’s ammonia value chain and the
development of hydrogen as a form of renewable energy.
The UAE and Germany, the third-largest economy in the world, shared non-oil trade worth $13.8
billion in 2024, a 5.4 per cent increase on 2023. The UAE also has investments in excess of $1.2
billion committed to projects across Germany. The UAE recently announced its intentions to open
negotiations towards a Comprehensive Economic Partnership Agreement with the European Union,
of which Germany is the single largest economy.

Al Zeyoudi said the meeting with Wüst highlighted these complementarities and offered a roadmap
for greater collaboration in key sectors going forward. “The UAE has long enjoyed a positive and
productive relationship with Germany, and North Rhine-Westphalia, with its industrial heritage and
forward-looking vision, has been central to it. From the digital economy to energy transition and the
green economy, we see a multitude of avenues for cooperation and investment, while our free-
trade network can ensure the region’s industrial output can seamlessly reach key markets in Asia
and Africa. The UAE also remains an open, welcomingbusiness environment for any enterprises
from North Rhine-Westphalia seeking to expand into the Middle East and help develop our
industrial and innovation ecosystem. Today’s meeting and the subsequent business roundtable will
help create the networks that can facilitate this activity, and we remain on hand to support bilateral
trade and investment flows in the months and years ahead.”

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