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The United Arab Emirates said it will invest 40 billion euros in Germany, with the money directed at data centres, artificial intelligence, energy and defence. The pledge was set out in a joint statement by UAE President Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz during a visit to Berlin.
A quarter of the sum, 10 billion euros, is earmarked for Bavaria. An investment council will also be set up to strengthen trade between the two countries.
The figure is an addition rather than a restatement: it comes on top of 34 billion euros the UAE has already invested in Germany. Alongside the government announcement, German and Emirati companies signed more than 9 billion euros in further commercial agreements during the visit.
The report gives no further detail: no breakdown of how the 40 billion euros splits between the four named sectors, which entities on the Emirati side will supply the capital, or over what period it will be deployed. No timetable and no named projects were reported.
Part of a wider European push
The German package follows similar commitments elsewhere in Europe. The UAE has previously promised 50 billion euros of investment in France and tens of billions more in Italy. Taken together, the moves point to a strategy of broadening ties with European economies rather than relying on the relationship with the United States alone.
The direction of travel suits Berlin. Merz travelled to the Gulf himself in February, with the stated aim of strengthening energy and defence links and reducing Germany's dependence on the United States and China.
Sultan Ahmed Al Jaber, the UAE's minister of industry and technology and chief executive of the state oil company Abu Dhabi National Oil Company, said Germany has been a strategic and economic partner of the Emirates for decades. He described the investment as long-term in nature and said the 40 billion euros reflects the country's ambition in the relationship. Those remarks came from the Emirati side of the announcement and are framing rather than a financial commitment with defined terms.
Where the money is pointed
Of the four sectors named, energy and defence are the two Germany had already singled out: strengthening those links was the stated aim of Merz's own trip to the Gulf in February.
The two countries have been partners for more than fifty years. Which companies will eventually receive contracts from the programme is not stated in the report.
Source: www.nu.nl
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