United Arab Emirates (UAE)
For the past two generations, the UAE are experiencing an unprecedented transition from a Bedouin and pre-industrial to an urban and technologically advanced modern society and has become one of the richest countries in the world. In 2013, the gross domestic product went up to 3.1% in comparison to 2012. However, this growth is not only owed to the oil market. The UAE also focuses on a consistent development of other sectors, such as logistics and transports, organizing exhibitions, but also financial services, trade and tourism. Thanks to its convenient location, the UAE especially Dubai and Abu Dhabi have become the hub of international air transport. The UAE provides enormous possibilities for all types of companies to make exports into the UAE.
Dubai is considered to be the third most important re-exporter next to Singapore and Hong Kong. Thus, the UAE is one of the most important trading partners for Germany. In April 2004, Germany and the UAE established a strategic partnership. German vehicles and equipment (29.3% of total German exports goods) constitute the main part of German exports. Main import goods from the UAE are among others Aluminum (alloys) and equipment for electricity generation and distribution.