Investment: UAE invest according to Söder ten billion euros in Bavaria
The United Arab Emirates want to invest 40 billion euros in Germany in the coming years. Now it's clear: A quarter of the investments is supposed to flow to Bavaria.
The United Arab Emirates plans to invest 10 billion euros in Bavaria over the next 10 years, according to Bavarian Prime Minister Markus Söder. This investment is part of a separate agreement between Bavaria and the UAE, which was announced during the visit of UAE President Sheikh Mohammed bin Zayed Al Nahyan to Munich. The investments will focus on key future industries such as aerospace, artificial intelligence, defense, and life sciences.
This follows a 40 billion euro investment agreement between the UAE and the German government, with a quarter of those funds allocated to Bavaria. Söder plans to travel to the UAE and the Gulf region later this 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.
