UAE and Germany Strengthen Economic Ties at UAE-German Business Forum in Abu dabi.
When two economic powerhouses come together, big things happen. That’s exactly what went down at the UAE-German Business Forum in Abu Dhabi, where leaders from both nations discussed new ways to strengthen their long-standing trade relationship. With non-oil trade between the UAE and Germany reaching $13.8 billion in 2024—a 5.4% increase from last year—it’s clear that this partnership is only getting stronger. And it’s not just about numbers. The event focused on expanding collaboration in clean energy, AI, advanced manufacturing, and logistics.
One of the biggest takeaways from the forum was Germany’s commitment to the UAE’s energy and tech sectors. Dr. Jörg Kukies, Germany’s Minister of Finance, emphasized the importance of sustainable investments and how both countries can benefit from the ongoing global shift toward green energy. The Energy Security and Industry Accelerator Agreement is already driving investments in low-carbon ammonia, LNG, and offshore wind farms, with Masdar playing a crucial role in Germany’s renewable energy sector.
The UAE, on the other hand, is positioning itself as a global gateway for high-growth businesses. Thanks to the NextGen FDI initiative, German companies are pouring investments into the UAE’s tech scene, AI startups, and fintech firms. With re-exports from the UAE to Germany hitting $1.1 billion and a 44.7% increase in non-oil exports, the numbers speak for themselves—this partnership isn’t just growing; it’s thriving.
The forum wrapped up with several key agreements, including major German investments in UAE-based startups and an expansion of German tech firms into the region. With both nations committed to deepening their economic ties, this isn’t just another business forum—it’s a blueprint for the future of UAE-German collaboration. The momentum is there, and the opportunities are only getting bigger.
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