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UAE Expands Economic Cooperation with Germany
UAE News

UAE Expands Economic Cooperation with Germany

Gooya Dubai 1 min read 62 views

🔸 The UAE has announced its plan to invest 40 billion euros in Germany; this investment will be allocated to sectors such as industry, advanced technologies, artificial intelligence, digital infrastructure, and energy.

🔸 This program was announced during the official visit of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, to Germany and is part of the long-term expansion of economic cooperation between the two countries.

🔸 Of this total investment, 10 billion euros will be allocated to the state of Bavaria; one of the most important industrial and technological hubs in Germany.

🔸 The aim of this program is to combine the UAE's investment capabilities with Germany's industrial, technological, and research capacities. The investments are also expected to support the development of future technologies, digital infrastructure, and the energy sector.

🔸 This cooperation could create new opportunities for companies and institutions in both countries and expand the transfer of knowledge and expertise between the UAE and Germany.

🔸 The UAE also aims to increase its investment presence in Germany, as one of the largest and most advanced industrial and technological economies in Europe, and to benefit from Germany's expertise in knowledge-based economy, technology, and innovation.

Source: Gulf News

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