UAE's €40 billion investment is a powerful gesture, says German Chancellor
German Chancellor Friedrich Merz has said he is impressed by the scale of the UAE's investment in Germany . The €40 billion ($46.47 billion) was announced on Thursday during President Sheikh Mohamed's state visit to Berlin. The money will be used across sectors including advanced technology, artificial intelligence, digital infrastructure and energy, with €10 billion to be invested in the region…
German Chancellor Friedrich Merz has expressed his admiration for the UAE's €40 billion ($46.47 billion) investment in Germany, which was unveiled during President Sheikh Mohamed's recent state visit to Berlin. The funds will be allocated across various sectors such as advanced technology, artificial intelligence, digital infrastructure, and energy, with a significant portion of €10 billion earmarked for investment in Bavaria.
Merz stated, "I am impressed by the UAE's willingness to invest in Germany. It is a powerful signal." He elaborated, "The investment will bring jobs, competitiveness, and the strength to innovate." Merz commended Sheikh Mohamed for his expertise and familiarity with Germany as a prime business location. He added, "The €40 billion demonstrates that international investors have immense trust in Germany as a destination for investment and innovation. I extend my gratitude to the UAE for placing its trust in us."
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