The United Arab Emirates plans to invest 40 billion euros ($46.4 billion) in Germany as the two countries deepen their economic ties, with data center infrastructure forming a key part of the investment.
The investment was announced during a state visit to Germany this week by UAE President Sheikh Mohamed bin Zayed Al Nahyan, who met with German Chancellor Friedrich Merz.
It spans areas including artificial intelligence, digital infrastructure and energy. The two countries also announced plans to deepen defense cooperation.
The package will include roughly 1 gigawatt of new data-center capacity, while 10 billion euros is reportedly earmarked for investment in Bavaria, a major hub for Germany's industrial and tech sectors.
The two countries also signed a declaration of intent to form an investment council aimed at advancing investment and strengthening public- and private-sector ties.