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FinancialNews
20-06-21
Mutual trade amid Dubai, Germany reaches USD6.7B
(MENAFN)According to state news agency WAM, mutual trade amid Dubai and Germany stood at about 24.6 billion dirhams (USD6.7 billion) in the previous year.
Mohammed Al-Zarooni, CEO of Dubai Silicon Oasis Authority (DSOA) stated that it is estimated to improve more than that, supported by efforts to facilitate trade amid the emirate and its international partners.
A mixed-use development about 20 minutes away from Dubai International Airport, DSOA, was one of the identified urban centers under the 2040 Urban Master Plan reported lately.
Ambassador of Germany to the UAE, Ernst Peter Fishcer was particularly impressed with the free zone’s startup and entrepreneur infrastructure. The UAE had a competitive advantage to attract investments, particularly in crucial fields such as renewable energy, he added.
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