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Dubai, United Arab Emirates - The United Arab Emirates (UAE) plans to invest an additional 40 billion Euros in Germany, nearly doubling the country's current investment from the Gulf state of around 34 billion Euros, according to their Industry Minister Sultan Ahmed al-Jaber. This announcement came on Thursday during a two-day state visit to Germany, which began with a visit to Berlin by UAE President Sheikh Mohammed, greeted by German President Frank-Walter Steinmeier with military honors.
The president met with German Chancellor Friedrich Merz (CDU) in the afternoon, with the aim of signing several agreements. Both sides had previously indicated they wanted to leverage the state visit to elevate their relations to a higher level, with Germany being a "long-standing strategic and economic partner" for their country, said Sultan Al Jaber.
The planned additional investments underscore the UAE's intention to further strengthen this relationship, focusing on promoting industries, technologies, and skilled jobs that drive future growth and competitiveness.
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