Representative office in Abu Dhabi
Our gateway to the Gulf States
Our representative office in Abu Dhabi, the largest emirate in the Federation of United Arab Emirates (UAE), supports the activities of KfW IPEX-Bank in the countries of the Gulf Cooperation Council (GCC). In addition to the UAE, Bahrain, Qatar, Kuwait, Oman and Saudi Arabia are also members of the GCC. The representative office maintains contact with the customers and financial institutions in the region and analyses the local markets in order to identify new business opportunities for the bank and its customers.
Dynamic sales market for German companies
The Gulf States are an interesting and important market for German and European companies. Large oil and gas reserves are the basis for powerful economic dynamics, intensified by increasing consumer needs of a predominantly young population. In the course of the years, the region has also increasingly gained importance for the German export economy due to its strategically favourable location between Europe, Asia and Africa. The Gulf States were again among the top target countries for German products outside of Europe in 2016: with EUR 27 billion they came third after the USA and China.
Diversification of the economy – a challenge for the future
The GCC countries have been striving for years to reduce the dependency of their economies on oil exports. The basis for economic development and value creation is to be broadened to ensure sustainable growth and wealth in the future: an expansion of the oil and gas processing sectors and the industrial basis as well as investment in the fields of logistics and tourism are to further increase economic viability in the coming years and decades.
A wide range of opportunities for German exporters
Large events of global acclaim such as the EXPO 2020 in Dubai added impetus to the further expansion of infrastructure. In addition to the traffic infrastructure, the reliability of electricity and water supply is of particular importance. Renewable energy sources will play an increasingly significant role. This will provide for a wide range of opportunities in the future for German and European companies.
KfW IPEX-Bank's representative office in Abu Dhabi does not conduct any bank business of its own. Instead, its sole function is to support the bank's headquarters in Frankfurt.