Supply chain disruptions make UAE's €40 billion investment in Germany crucial, says minister
Recent disruptions to global supply chains were a major factor in the UAE's decision to invest €40 billion ($46.47 billion) in Germany , said Dr Thani Al Zeyoudi, Minister of Foreign Trade. The investment was announced on Thursday evening, during President Sheikh Mohamed's state visit to Germany. The money will be invested across a range of sectors including industry, advanced technology,…
Recent global supply chain disruptions have prompted the UAE to invest €40 billion ($46.47 billion) in Germany, according to Dr Thani Al Zeyoudi, Minister of Foreign Trade. This announcement was made during President Sheikh Mohamed's state visit to Germany. The investment will be dispersed across various sectors, including industry, advanced technology, artificial intelligence, digital infrastructure, and energy.
Notably, €10 billion of the investment will be allocated specifically to Bavaria. Dr Al Zeyoudi emphasized the strategic nature of the UAE-Germany partnership, highlighting that both countries complement each other's strengths and can mutually benefit from the collaboration. He underscored that Germany is an economic powerhouse and a hub for talent and technology, making it a crucial ally for the UAE in the European market.
The UAE-Germany investment council will be established to oversee the implementation of the projects and ensure that the partnership yields tangible benefits for both nations.
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.
