Abu Dhabi (Etihad)
The United Arab Emirates and the Federal Republic of Germany mentioned methods to advance bilateral relations to new heights within the power, sustainability and funding sectors at a roundtable yesterday on the sidelines of the go to by German Chancellor Olaf Scholz and his accompanying high-level delegation to the nation.
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Overseas Commerce, chaired the Emirati aspect of the roundtable, whereas the German aspect was chaired by Dr. Franziska Brantner, Minister of State within the Federal Ministry of Economic system and Local weather Motion, within the presence of His Excellency Mohammed Ali Al Shurafa, Chairman of the Division of Financial Improvement – Abu Dhabi.
His Excellency Dr. Thani Al Zeyoudi welcomed the German delegation visiting the nation and confused that there are broad prospects for cooperation and joint motion between the 2 pleasant international locations, particularly because the UAE goals to extend the contribution of the financial sectors based mostly on data, innovation and sustainability to the gross home product as a part of its technique to diversify the nationwide financial system, that are the areas by which Germany has made outstanding progress, making it one of the vital vital main international locations on the earth.
His Excellency mentioned: “Final yr, the UAE launched the “50 Tasks” aimed toward beginning a brand new section of prosperity and sustainable progress for the nationwide financial system by listening to the longer term industries and sectors based mostly on innovation and superior know-how , making Germany a perfect companion on this path because it at the moment invests Round 3.2% of its GDP is in analysis and innovation, a full proportion level larger than the EU common, specializing in future sectors resembling hydrogen manufacturing, synthetic intelligence and quantum computing
His Excellency Al Zeyoudi added: “There’s nice similarity in each the UAE’s and Germany’s visions for the longer term by way of specializing in future industries and financial sectors as a way to obtain sustainable progress. Due to this fact, the prospects for bilateral cooperation between the 2 international locations are promising in view of a strong basis of strong industrial, technological and industrial cooperation. Germany ranks thirteenth among the many nation’s largest buying and selling companions with a share of two% of the UAE’s commerce with the world and the amount of non-interregional commerce in oil amounted to 9, $6 billion in 2021, up 12% from 2020, and non-oil commerce continued its restoration within the first half of this yr at greater than $4.5 billion, up 6% from the identical interval in 2021.
Second place
His Excellency Thani Al Zeyoudi mentioned Germany ranks second within the UAE’s commerce with the European Union with a 20% share, coming first by way of imports, third in non-oil exports and third in re-exports, and on the identical time The United Arab Emirates acquires greater than 20% of Germany’s commerce with Arab international locations, making it Germany’s first Arab buying and selling companion. The nation additionally accounts for round 45% of Germany’s commerce with the international locations of the Gulf Cooperation Council. As for mutual international direct funding between the 2 sides exceeds $3.2 billion by the tip of 2020, and about 80% of them are German investments within the UAE.
New partnerships
His Excellency Thani Al Zeyoudi expressed his ambition to construct new Emirati-German partnerships within the subsequent section in sectors of mutual curiosity for the good thing about the economies and enterprise communities of the 2 international locations. Dr. For her half, Franziska Brantner mentioned: “The United Arab Emirates has at all times been a strategic companion for Germany, and there are promising prospects for consolidating cooperation between the 2 international locations in a number of sectors, resembling clear power, sustainability and the struggle in opposition to local weather change, amongst others .a. He took the chance to understand the efforts of the United Arab Emirates relating to the Abraham Peace Settlement. ».
extensive prospects
His Excellency Muhammad Ali Al-Shurafa affirmed the UAE’s and Abu Dhabi’s eagerness to strengthen financial ties with the Federal Republic of Germany, saying there are “extensive alternatives to develop and deepen cooperation and partnership as Abu Dhabi focuses on the data and innovation financial system, and is growing its investments in areas characterised by larger progress alternatives, together with: This contains agricultural applied sciences, monetary know-how, healthcare, prescription drugs, power, tourism and data know-how, opening the doorways to elevated cooperation with companions in Germany, the place we’re wanting to work intently with leaders in these fields.”
His Excellency added: “The Abu Dhabi Industrial Technique, which was launched final June, works to advertise the idea of a round, sensible and sustainable financial system, undertake the purposes of the Fourth Industrial Revolution, develop abilities and skills within the industrial sector and encourage high quality funding in sector and we encourage main companions in Germany to reap the benefits of the cooperation alternatives supplied by the commercial technique’s initiatives and tasks, in addition to the rise in partnerships in the remainder of the very important sectors.”
Individuals
The assembly, hosted by ADNOC’s headquarters in Abu Dhabi, was attended by Omar Suwain’ Al Suwaidi, Undersecretary of the Ministry of Business and Superior Expertise, Osama Amir Fadl, Assistant Undersecretary of the Accelerator Sector of the Ministry of Business and Superior Expertise, and Hamid Mohammed bin Salem, common secretary of the Federation of Commerce and Business within the nation Dr. Ali Hussein Makki, Managing Director of the Logistics Help and Commerce Facilitation Sector on the Division of Financial Improvement – Abu Dhabi, Eng. Ahmed Balajer Al Rumaithi, Undersecretary of the Ministry of Power in Abu Dhabi, Carlos Gasco, Appearing Government Director of Power Coverage on the Division of Financial Improvement – Abu Dhabi, and Saeed Abdul Jalil Al Fahim, Chairman of the German Council Joint Enterprise for Business and Commerce, and Majed Al-Suwaidi, Director of COP28 Program Administration.
It was additionally attended by a bunch of senior Emirati corporations particularly Edge Group, Mubadala Power, Yas Holding, Yahsat Group, Abu Dhabi Future Power Firm (Masdar), DP World, Kizad Group and ADNOC Gasoline. Al Masal, Al Nowais Firm, and HE Ammar Al Malik, Basic Supervisor of Dubai Web Metropolis, Al Ghurair Group and Abu Dhabi International Market.
From the German aspect, administrators of: Allianz, Bayer, Siemens Power, Airbus, Europeace, Saab Information, HPA Hamburg Port, ThyssenKorp AG, SPG Steiner Group, Benz Automotive and G+D participated within the spherical desk convention.