💰 UAE to Invest 40 Billion Euros in Germany
Published by OOPSONLINE.IN · Source: Al-Monitor · 1 min read · · Updated
What actually happened
The leader of the United Arab Emirates was on a state visit to Germany on Thursday that resulted in a promise to invest 40 billion euros ($46.5 billion) into Europe's top economy. The money would partly pay for data centres with a capacity of up to one gigawatt, Berlin said, and an "Investment Council" would be set up to boost business links between the two nations. The Gulf is a key source of capital for the AI boom as oil-rich states in the region seek to invest their energy wealth.
Key points
- The leader of the United Arab Emirates was on a state visit to Germany on Thursday that resulted in a promise to invest 40 billion euros ($46.
- 5 billion) into Europe's top economy.
- The money would partly pay for data centres with a capacity of up to one gigawatt, Berlin said, and an "Investment Council" would be set up to boost business links between the two nations.
- The Gulf is a key source of capital for the AI boom as oil-rich states in the region seek to invest their energy wealth.
Summary based on data provided by Al-Monitor. Full article available at the original publisher.
- #business
- #invest
- #billion