The UAE and Germany have reaffirmed their strong economic partnership during the UAE-German Business Forum held in Abu Dhabi at the Abu Dhabi Global Market (ADGM). The event brought together senior officials, business leaders, and private sector representatives from both nations to explore collaboration in key sectors such as clean energy, advanced technology, and logistics.

Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, highlighted the growing strength of bilateral trade, which reached $13.8 billion in 2024—a 5.4% increase from the previous year. He noted the UAE’s strategic role as a gateway to high-growth markets, offering German businesses access to Asia, Africa, and the Middle East.

Germany’s Finance Minister, Dr. Jörg Kukies, emphasized the importance of the UAE as a key partner for Germany’s trade and investment, particularly in areas like green energy and digital transformation. He expressed optimism about joint projects in clean energy and advanced industrialization, aligning with global transitions toward sustainability and innovation.

One key highlight of the forum was the progress under the Energy Security and Industry Accelerator Agreement signed in 2022. This agreement has driven investments in renewable energy projects such as Masdar’s Baltic Eagle offshore wind farm, which will soon power 475,000 German homes with clean energy.

Discussions also focused on Germany’s growing investments in the UAE’s advanced technology, AI, and industrial automation sectors, supported by the UAE’s NextGen FDI initiative.

The forum concluded with several agreements, including investments by Germany’s Capital 468 in UAE companies such as Alaan, Flow48, and Hydrum Technologies. Additionally, ZenAdmin, a German IT and HR automation company, announced its expansion in the UAE through the acquisition of a local IT platform.

The event underscored the flourishing trade relationship between the two nations, with Germany maintaining its position as the UAE’s second-largest trade partner in the EU. Re-exports and non-oil exports from the UAE to Germany saw significant growth in 2024, further strengthening economic ties.