UAE to invest €40 billion in Germany
The UAE will invest a massive €40 billion in Germany in a long-term commitment to Europe's biggest economy. The money will be used across a number of sectors including industry, advanced technology, artificial intelligence, digital infrastructure and energy. The deal was announced as President Sheikh Mohamed met German Chancellor Friedrich Merz in Berlin on Thursday. A quarter of the money, €10…
The United Arab Emirates has pledged to invest €40 billion in Germany, marking a significant long-term commitment to Europe's largest economy. This investment will span various sectors including industry, advanced technology, artificial intelligence, digital infrastructure, and energy. The announcement came during a meeting between UAE President Sheikh Mohamed and German Chancellor Friedrich Merz in Berlin.
A substantial portion of the funds, €10 billion, will be directed towards Bavaria. Additionally, the UAE and Germany agreed to establish a UAE-German Investment Council and initiate a Strategic Dialogue. This dialogue outlined a 12-point plan to strengthen their partnership, addressing areas such as crime and justice cooperation, data centers, information systems, airline access to Berlin Brandenburg Airport, and data hosting and information systems.
The UAE's Minister of Industry and Advanced Technology, Dr Sultan Al Jaber, emphasized the importance of this investment in supporting future growth and competitiveness, while German Chancellor Merz highlighted the strategic and economic benefits of the partnership.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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