Forum seeks to attract multinational companies and fast-growing startups from Germany to Dubai
Dubai Chambers announced today that it will host the Dubai Business Forum – Germany in Hamburg on May 20. Building on the success of previous editions in China and the United Kingdom, the third international edition of the Dubai Business Forum seeks to unlock new economic opportunities and attract companies and foreign direct investment from Germany to support the goals of the Dubai Economic Agenda (D33).
The event comes as part of the chambers’ ongoing efforts to strengthen economic partnerships, stimulate foreign direct investment, and consolidate Dubai’s position as a global business destination.
Attracting German fast-growing startups to Dubai
The Dubai Business Forum – Germany will showcase the diverse investment opportunities available in the emirate, with the goal of attracting multinational companies and fast-growing startups from Germany to Dubai.
The forum, which has the Hamburg Chamber of Commerce as a supporting partner, also aims to support German businesses and investors in establishing impactful partnerships with their counterparts in Dubai to drive growth in bilateral trade and investments.
“Dubai offers exceptional opportunities for German businesses seeking growth and expansion in the MEASA region. We are confident that the Dubai Business Forum – Germany will serve as a catalyst for increased collaboration and investment between Dubai and Germany and contribute to mutual growth and prosperity,” stated Mohammad Ali Rashed Lootah, president and CEO of Dubai Chambers.
Forum to foster collaboration in key growth areas
Recognized as a powerhouse for German commerce and innovation, Hamburg has been carefully selected as the ideal destination for the high-profile event. Bringing together key stakeholders from the public and private sectors in both markets, the Dubai Business Forum – Germany will showcase Dubai’s business-friendly environment, attractive tax incentives, and unrivaled access to global markets.
Highlighting Dubai’s investment-friendly environment across key sectors including tech, finance, logistics, manufacturing and sustainability, the forum will foster collaboration between German and Dubai companies in areas such as AI, advanced manufacturing, smart mobility and clean energy. The event will also explore opportunities in private equity, venture capital and cross-border mergers and acquisitions.
The Dubai Business Forum – Germany will contribute to achieving the chambers’ key objectives, which include strengthening strategic economic partnerships, developing cross-border trade relations and creating new investment opportunities both locally and globally, as well as exploring new horizons for business, trade and investments between Dubai and key markets around the world.
Read: Saudi Arabia’s inflation steady at 2 percent in February, among lowest in G20
UAE-Germany non-oil trade grows to $13.8 billion in 2024
During the recently held UAE-German Business Forum in Abu Dhabi, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, revealed that Germany remains one of the UAE’s most important economic partners, with non-oil trade reaching $13.8 billion in 2024, a 5.4 percent increase over the previous year and nearly double the global trade growth average.
He highlighted the UAE’s growing role as a gateway to high-growth markets, offering German businesses unparalleled access to Asia, Africa, and the Middle East through its Comprehensive Economic Partnership Agreements (CEPA) program, which covers over a quarter of the world’s population.
Germany also remains the UAE’s second-largest trade partner within the EU and 13th globally, reinforcing the strength of their long-standing economic partnership and the steady growth of bilateral trade.
The UAE’s non-oil exports to Germany grew significantly by 44.7 percent in 2024, reaching $616 million, while re-exports totaled $1.1 billion, highlighting Germany’s role as a key gateway for global trade. Additionally, German imports to the UAE increased to $12.1 billion, cementing Germany’s position as the UAE’s second-largest import partner within the EU and further accelerating the upward trajectory of trade relations between the two economies.
