UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with German business leaders and company executives during his state visit to Germany.
The meeting focused on the growing economic, trade and investment ties between the UAE and Germany, and ways to further strengthen cooperation between the two countries’ business communities.
Sheikh Mohamed was briefed on the companies’ activities, industries and latest products and innovations.
He highlighted the importance of expanding partnerships in future-focused sectors, including technology, innovation and energy.
His Highness also reaffirmed the UAE’s commitment to attracting investment, highlighting its advanced infrastructure, investor-friendly business environment and strategic location as a major global trade hub.
He said the agreements and memoranda signed during his visit would open new opportunities for businesses in both countries to invest and expand, giving further momentum to UAE-Germany economic ties.
German business leaders welcomed the meeting and expressed their interest in investing in the UAE and expanding cooperation with Emirati companies.
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The Dubai Integrated Economic Zones Authority (DIEZ) has announced the doubling of the venture capital fund managed by its investment arm, Oraseya Capital, from AED500 million to AED1 billion.
A UAE delegation is set to participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), taking place in Thailand's Bangkok from October 12-18.
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Etihad Airways and flydubai have cancelled more flights between the UAE and several cities in Saudi Arabia following the airport attack on King Khalid International Airport in Riyadh on Saturday.