Gulf State Visit: Emirates Want to Invest 40 Billion Euros in Germany
Germany and the United Arab Emirates have long been close partners. Now they want to further expand their relations - also with a high investment sum from the Gulf state.
The United Arab Emirates plans to invest 40 billion euros in Germany, as announced during the state visit of President Mohammed bin Sajid. This will more than double the country's existing investment in the German economy, which currently stands at around 34 billion euros. The investment aims to promote growth and competitiveness in various industries, with a focus on technology, innovation, and job creation.
The UAE is Germany's most important trading partner in the Gulf region, with bilateral trade valued at over 13 billion euros last year.
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.
