UAE and Germany explore more commercial and investment opportunities

2025/04/25 9:15:46 PM

2 minutes read

Abu Dhabi, April 25/ WAM/ The United Arab Emirates and the Federal Republic of Germany continue to explore opportunities to improve their strategic relations by providing more opportunities to build commercial and investment partnerships between business community in the two friendly countries.

His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of State for Foreign Trade, held talks with His Excellency Hendrick Joseph Foust, Prime Minister of the North Rhine and Westphalia State in Germany, during which they agreed to strengthen trade relations and cooperation in major sectors such as technology, advanced manufacturing and green economy.

The meeting was followed by a rounded business table that brought together senior figures from the private sector in the state with their counterparts from the UAE to explore the areas of mutual benefit and discuss partnership opportunities.

The state of North Rhine-Corphane is the center of the economic power of Germany, as it is home to 37 of the 100 largest companies in the country, and the GDP of the state amounted to 990 billion dollars in 2024, equivalent to 20% of the total economic product of Germany.

Although it is the artificial heart of Germany historically, its economic vision focuses on digital technologies, artificial intelligence, smart manufacturing and the green economy, as well as research projects in water management and agricultural technology solutions.

From this standpoint, the state enjoys many aspects of integration with the UAE, which is reflected in the growing relations between them, including Emirati investments in the ammonia value chain in North Rhine-Custalia and hydrogen development as a form of renewable energy. His Excellency Dr. Thani Al -Zyoudi said that the meeting with His Excellency Foust highlighted the integration between the two friendly countries, and presented a road map to enhance cooperation in the main sectors in the future.

He added, “The UAE has always enjoyed a positive and fruitful relationship with Germany, and the state of North Rhine-Custalia, with its industrial heritage and its advisory vision, has always been pivotal in this relationship from the digital economy to the transformation of energy and the green economy, we see many opportunities for cooperation and investment, and our network of free trade includes the arrival of the state’s industrial products smoothly to the main markets in Asia and Africa .. and the UAE prepares An open and wicked business environment in any company from North Rhine-Corvetia seeks to expand in the Middle East and help develop our industrial and innovative systems.

He stressed that today’s meeting with His Excellency Foust, and the follow -up table for business that would help build networks that facilitate this activity, and said: “We are fully prepared to support bilateral trade and the flow of investments in the coming months and years.”

The value of non -oil trade between the UAE and Germany was $ 13.8 billion in 2024, an increase of 5.4% over 2023.

The UAE is invested more than $ 1.2 billion in projects across Germany and recently announced its intention to start negotiations on a comprehensive economic partnership agreement with the European Union, which Germany is the largest economy.