15 Hrs
Source:
Sky News
UAE and Germany reinforce economic ties
The article emphasized that the visit of the President of the United Arab Emirates to Germany represents a turning point in strengthening the economic and strategic partnership between the two countries. It highlights that the relationship is experiencing significant growth, with bilateral trade expected to reach 13.6 billion euros by 2025, an increase of 15% over the previous year, and Emirati exports to Germany rising by 58%. The article also outlines the cooperation including long-term investments, such as ADNOC's acquisition of the German company Covestro and supplying Germany with liquefied natural gas and renewable energy. Additionally, it points to joint efforts to establish the Emirati-German Investment Council aimed at attracting capital for investments in future industries such as technology, artificial intelligence, and healthcare, transforming the UAE into a platform for German companies to access Gulf, Asian, and African markets. The goal is to build a long-term relationship that enhances the competitiveness of both nations and supports their economic resilience.
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