starting "Emirati-German Business Forum" In Abu Dhabi

Abu Dhabi, February 3/ WAM/ The activities of the “Emirati-German Business Forum” were launched today with the wide participation of the leaders of the government and private sectors in the two countries with the aim of enhancing economic and trade relations between the UAE and Germany and exploring cooperation opportunities in priority sectors, including the advanced industry, technology and innovation Digital transformation, renewable energy, logistical services, trade and investment.

The forum was attended by His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of State for Foreign Trade, His Excellency Jurg Cookies, German Finance Minister and His Excellency Ahmed Al -Attar, State Ambassador to Germany, His Excellency Alexander Shunfield, September of the Federal Republic of Germany to the state and a number of senior government officials, business leaders and investors from both sides .

In his opening speech to the forum, His Excellency Dr. Thani bin Ahmed Al -Zyoudi stressed that the trade and investment relations between the UAE and Germany are witnessing an accelerated growth, driven by a joint vision to enhance economic and trade cooperation and create new opportunities for partnership between the business community in the two countries.

His Excellency said that the Emirati -German Business Forum represents an important platform to consolidate our economic partnership with the largest European economies, and to explore new horizons for growth in future sectors such as advanced technologies, digital transformation, and clean energy, and we look forward to building this momentum by developing quality partnerships that support sustainable growth , Especially in the fields of industry 4.0, industrial technology, smart supply chains, and innovation, which contributes to the consolidation of the position of the two countries, main players on the global economy square.

For his part, His Excellency Juerg Cookies stressed the importance of economic partnership with the UAE, which stressed it is a major gateway to regional and global markets, which makes it a strategic partner for Germany, especially in the areas of trade, investment and advanced technology and expressed the aspiration to enhance and expand cooperation with the Emirates, especially in the areas of advanced technology, Clean energy, trade and sustainable investment.

The forum witnessed in -depth discussions on ways to enhance cooperation in industry 4.0, artificial intelligence, digital transformation, renewable energy, and smart supply chains. The two sides affirmed their commitment to support investments in these vital sectors and develop innovative business models that promote the sustainability of economic partnership between the two countries.

It is noteworthy that the two countries had previously signed a “energy and industry speed security agreement”, in 2022, which played a pivotal role in stimulating investments in low -carbon ammonia projects, liquefied natural gas and renewable energy, and this included the investment of “Masdar” company in the Baltic Eagle Farm “Baltic Eagle”. , “, Which will provide clean energy for about 475,000 homes in Germany, which reflects the increasing cooperation between the two countries in the field of clean energy and the transition towards the green economy.

Participants discussed the growing expansion of German investments in the Emirates in the advanced technological sectors, especially in the areas of artificial intelligence and industrial automation, within the framework of the “Next Generation of Foreign Investment” initiative that provides a supportive environment to attract high growth companies, stimulate innovation, and promote Emirates leadership As a global center for advanced technology.

The comprehensive economic partnership agreements for the UAE as an active model for enhancing trade and investment flows were highlighted.

Participants discussed opportunities to expand the scope of trade and investment cooperation between the UAE and Germany, in a way that guarantees a larger flow of business, stimulates innovation, and enhances the transfer of advanced technology between the two countries.

The forum concluded with extensive communication sessions between representatives of the UAE private sector and their counterparts from the German business community, new cooperation opportunities were reviewed, the mechanisms of developing the business environment, stimulating investments, enhancing commercial partnerships, and supporting small and medium -sized companies in both countries.

These meetings were a platform to enhance direct communication between entrepreneurs and investors, which contributes to opening new horizons for sustainable economic growth and consolidating trade and investment relations between the two countries.

Non -oil trade between the UAE and Germany recorded remarkable growth in 2024, reaching 13.8 billion dollars, achieving an increase of 5.4% compared to 2023 and 41% compared to 2022.

Germany continues to strengthen its position as a major commercial partner for the Emirates within the European Union countries, as it is the second largest trading partner for the UAE in the European Union and ranks third in the list of the main destinations of non -UAE oil exports to the European Union, and the second in the volume of imports from the European Union countries.

This growth reflects the strength of the economic partnership between the two countries, the continuation of joint efforts to enhance commercial flows and diversify the areas of cooperation, in a way that contributes to supporting the sustainable economy and opening new horizons for the business and investment sectors.

The forum witnessed the exchange of a number of memoranda of understanding on joint investments between Emirati and German companies, especially in the fields of financial technology, digital transformation, and sustainable investments.

The agreements included investing the German Capital 468 company in a number of Emirati companies, including the ALAN digital payment platform and the Flow48 Finance Company, in addition to investing in Hydrum Technologies, specialized in digital market solutions, and the ORO platform that provides digital solutions for investment in gold through the compact assets .

The expansion of the German company Zenadmin, which specializes in automating information and human resources solutions, was announced by its acquisition of an Emirati information technology platform, which enhances its presence in the state markets and supports its digital transformation efforts.

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