Investment: United Arab Emirates plan billion-euro investments in Germany
During the state visit of President Mohamed bin Zayed Al Nahyan, the Gulf monarchy has announced investments worth 40 billion euros. The military cooperation is also to be deepened.
The United Arab Emirates plans to invest €40 billion in Germany, as announced during a two-day state visit by UAE President Sheikh Mohamed bin Zayed Al Nahyan to Berlin and Munich. The visit, at the invitation of German President Frank-Walter Steinmeier, also included a meeting with Chancellor Friedrich Merz and resulted in 29 agreements and letters of intent between companies from both countries worth almost €9.4 billion.
A joint council will be established to promote mutual investments, and the countries will deepen their cooperation in the defense sector, including drone and air defense systems. Additionally, UAE airline Emirates will gain additional flight rights in Germany, with an expected seven flights per week from Berlin.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
