The United Arab Emirates and Germany reinforced their economic partnership at the UAE-German Business Forum held at Abu Dhabi Global Market (ADGM) today.
The event gathered senior officials, industry leaders, and private sector representatives to explore new opportunities in trade and investment across strategic sectors.
The forum was attended by Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and Dr. Jörg Kukies, Germany’s Minister of Finance, alongside ambassadors and key business figures.
Dr. Al Zeyoudi emphasized the strength of bilateral trade, highlighting that UAE-Germany non-oil trade reached $13.8 billion in 2024, marking a 5.4% increase from the previous year. He underscored the UAE’s role as a global trade hub, offering German businesses access to Asia, Africa, and the Middle East through the Comprehensive Economic Partnership Agreements (CEPA) program.
Dr. Kukies reaffirmed Germany’s commitment to expanding ties with the UAE, particularly in advanced technology, clean energy, trade, and sustainable investment. Discussions also centered on progress under the Energy Security and Industry Accelerator Agreement, supporting investments in low-carbon ammonia, LNG, and renewable energy projects like Masdar’s Baltic Eagle offshore wind farm, which will power 475,000 German households.
Germany’s investment in the UAE’s AI, industrial automation, and fintech sectors continues to grow, supported by the UAE’s NextGen FDI initiative. The forum concluded with networking sessions and the signing of several MoUs, including German firm Capital 468’s investments in UAE startups and ZenAdmin’s expansion into the UAE’s digital market.
With Germany as the UAE’s second-largest EU trade partner, the forum reinforced both nations' commitment to economic cooperation and innovation-driven growth.
News Source: Emirates News Agency
