UAE to invest €40 billion in Germany amid slew of business deals

The United Arab Emirates says it will invest €40 billion in Germany to support its industry after a meeting between UAE President Sheikh Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz in Berlin on Thursday. The pledge is in addition to the UAE’s existing €34 billion investment in Germany. In a joint declaration, both leaders said their ties matter amid regional instability and geopolitical volatility, emphasizing the need for “reliable, like-minded partners.” The package aims to boost Germany’s industrial competitiveness and includes digital infrastructure, such as new data centres with capacity of about 1 gigawatt. They also signed 29 agreements worth over €9.4 billion, and Germany granted Emirates additional traffic rights between Berlin and Dubai.