Business

Germany, Dubai, bilateral trade at Dh24.6 billion in 2020

Dubai: Bilateral trade between Germany and Dubai reached Dh4.6 billion in 2020 and will continue to grow given Dubai’s ease of doing business and a flexible ecosystem, according to a senior official of the Dubai Silicon Oasis Authority (DSOA). Dubai Silicon Oasis offers numerous facilities to streamline business setup and operations, attracting hundreds of international technology companies, added Dr Mohammed Al Zarooni, Vice President and CEO of DSOA, while Ernst Peter Fischer, Ambassador of Germany to the United Arab Emirates , welcomed by DSOA. headquarters in Dubai. Dr Al Zarooni reiterates the DSOA’s commitment to provide a favorable environment for German and international businesses to establish and expand their businesses in this region. He also emphasized DSOA’s commitment to embody his appointment as a science and technology and knowledge hub ?? one of the five urban centers under the Dubai 2040 Urban Master Plan ?? to support entrepreneurial creativity and empower entrepreneurs to define their innovative technology concepts. The German ambassador praised the favorable environment for entrepreneurs and startups in Dubai Silicon Oasis (DSO), a free zone owned by the government, which houses local headquarters for well-known multinational companies of various nationalities, including German companies.

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During his tour, he was introduced to Dubai Digital Park (DDP), the Dubai Technology Entrepreneur Campus (Dtec) and the new campus of the Rochester Institute of Technology-Dubai (RIT-Dubai), which is the advanced advanced technology park of the free zone. investigated. infrastructure. He also explored the advanced facilities at DDP that offer smart services to residents and visitors, as the first smart city of its kind, built at an investment of more than 1.5 billion AED, was inaugurated at the beginning of 2021. The ambassador also introduces Anas Aljuaidi and Bernhard Randerath, the co-CEO of the Emirati-German Institute for the Emirate-German Fourth Industrial Revolution. Dr. Al Zarooni welcomes the initiative to strengthen the strategic and economic relationship between the two countries. He was also invited to the upcoming inauguration of the Emirate German Institute scheduled for July 2, 2021 in Aachen, Germany. Ambassador Fischer also visited the new modern campus of RIT-Dubai, the technology-oriented American university in DSO, and visited its innovation laboratories.