The United Arab Emirates plans to invest €40bn ($46.4bn) in Germany, including in new data centres with a combined capacity of about one gigawatt. The two countries announced the package in a joint declaration on 10 September. UAE President Sheikh Mohamed bin Zayed Al Nahyan was on a state visit to Germany, where he met Chancellor Friedrich Merz.
The package includes “investments in advanced digital infrastructure, including the development of new state-of-the-art data centres with a capacity of approximately 1 GW,” the declaration says. Germany committed to “fostering a favourable environment for their implementation”. Hugh Leask reported the plan for CNBC.
What the declaration says
The visit ran from 9 to 11 September, at the invitation of the German president, Frank-Walter Steinmeier. It was the first state visit to Germany by a UAE president, according to the declaration. Both sides expect the package to strengthen industrial competitiveness, advance technological leadership and support long-term growth in Germany, the text says. Merz and Sheikh Mohamed also set up a Strategic Dialogue. It is meant to revive the comprehensive strategic partnership the two countries founded in 2004.
