10 Hrs
Source:
البيان
UAE-Germany Ties Shift to Profitable Outlook
The relationship between the UAE and Germany revolves around strengthening industrial and technological partnerships through mutual investments, with a focus on projects in artificial intelligence, infrastructure, renewable energy, recycling, and logistics services. The ties are expanding through the "Covestro" deal valued at 14.7 billion euros, investments in aluminum recycling, the development of logistics corridors, and collaboration on energy batteries, in addition to free trade negotiations that enhance the flow of investments and commercial exchange. Both parties aim to transform their relationship from a traditional buy-and-sell model into a mutually beneficial industrial and technological partnership.
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