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Trade between Dubai, Germany crosses $6.7 billion in 2020

By Hilal Mir
June 20, 2021 5:36 am

    • Ambassador of Germany to the UAE ‘impressed’ with the free zone’s infrastructure

    • Trade between two countries expected to grow more steeply

    Trade between Dubai and Germany has vaulted to more than 6 billion in 2020 and is expected to grow more steeply in the years ahead. It is projected to grow further, helped by efforts to ease trade between the emirate and its international partners, Mohammed Al-Zarooni, CEO of Dubai Silicon Oasis Authority (DSOA), was quoted by WAM.

    DSOA, a mixed-use development about 20 minutes away from Dubai International Airport, was one of the identified urban centers under the 2040 Urban Master Plan announced recently.

    Ernst Peter Fishcer, ambassador of Germany to the UAE said he was particularly impressed with the free zone’s startup and entrepreneur infrastructure. He said the UAE had a competitive advantage to attract investments, especially in crucial fields such as renewable energy.

    Both officials reiterated the strong partnership of Dubai and Germany, and have committed to continue a healthy bilateral relationship.

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