The United Arab Emirates and Germany have officially launched a joint business council in Berlin, marking a significant step in their five-decade-long economic partnership. This high-level event, attended by over 150 prominent business leaders and officials, aims to foster new trade and investment opportunities, empower the private sector, and support sustainable development across key industries.
A New Era of Economic Collaboration
The establishment of the UAE-Germany Business Council signifies a deepening of the strong and enduring economic ties between the two nations. This initiative is designed to open new avenues for trade and investment, promoting sustainable development amidst a rapidly evolving global economic and geopolitical landscape.
Dr. Sultan Al Jaber, UAE Minister of Industry & Advanced Technology and Special Envoy to Germany, emphasized the commitment to strengthening this relationship, stating, "The launch of the UAE-Germany Business Council will create new opportunities for cooperation across vital sectors of mutual interest, empower the private sector, and support sustainable economic development."
Key Figures and Signatories
The official signing of the UAE-Germany Business Council charter was a highlight of the ceremony. Key signatories included:
- Musabbeh Al Kaabi: Executive Director of Low Carbon Solutions and International Growth at ADNOC, and Co-Chair of the Business Council, representing the UAE.
- Günther Oettinger: Former Minister-President of Baden-Württemberg and Co-Chair of the Council, representing the German side.
Musabbeh Al Kaabi expressed confidence that the Council would "accelerate our collaboration, foster sustainable growth, and reflect our shared ambition in a fast-changing world."
Advancing Clean Energy Initiatives
A significant development during the event was the signing of a Memorandum of Understanding (MoU) between Masdar, a global leader in clean energy, and EnBW – Energie Baden-Württemberg, one of Europe’s largest energy companies. This MoU outlines plans to explore collaboration on several fronts:
- Battery energy storage system projects in Germany and the United Kingdom.
- Joint opportunities in offshore wind projects in the North Sea and Baltic Sea.
- Collaboration in green hydrogen and other renewable energy technologies.
Key Takeaways
- The UAE-Germany Business Council aims to enhance trade, investment, and sustainable development.
- The council reflects over five decades of strong economic partnership.
- High-level officials and over 150 business leaders attended the launch.
- A significant MoU was signed between Masdar and EnBW for clean energy projects.
- The initiative is expected to play a crucial role in fostering innovation and economic growth between the two countries.
Sources
- UAE, Germany launch joint business council, Sharjah24.
- UAE, Germany launch joint business council, ARN News Centre.
