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 admiration for the substantial €40 billion ($46.47 billion) investment announced by the UAE in Germany. The substantial sum was disclosed during President Sheikh Mohamed's official visit to Berlin. The investment will be allocated across various sectors, including advanced technology, artificial intelligence, digital infrastructure, and energy, with €10 billion earmarked for the Bavaria region.
According to a statement issued on Friday by Mr. Merz's office, "I am impressed by the UAE’s willingness to invest in Germany. It is a powerful signal," and "The investment will bring jobs, competitiveness and the strength to innovate." Mr. Merz further praised President Sheikh Mohamed, noting his extensive knowledge of Germany as a business destination.
"The €40 billion demonstrates that international investors have immense confidence in Germany as a place to invest and innovate. I thank the UAE for its trust."
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