UAE to invest €40 billion in Germany, UAE industry minister says

BERLIN, Sept 10 (Reuters) - The United Arab Emirates will invest an additional €40 billion ($46 billion) in Germany to support industries and employment, the UAE minister of industry and advanced technology said on Thursday.

The two countries are looking to deepen their strategic and economic ties in an uncertain geopolitical climate.

The additional investment comes on top of the UAE's existing investment in Germany, worth €34 billion, and underscores the Gulf country's growing influence in Europe's largest economy and their longstanding partnership.

"Germany has been an important strategic and economic partner for decades and the additional €40 billion intended investment reflects our ambition to invest in that relationship for the years ahead," Sultan Ahmed Al Jaber, who is also envoy of the minister of foreign affairs to Germany, said. 

German Chancellor Friedrich Merz visited the Gulf region in February, as Berlin looks to deepen energy and defence partnerships and reduce its dependence on the U.S. and China.

The investment aims to support Germany's industrial capacity and skilled jobs and strengthen energy security and supply chains, Jaber said.

($1 = 0.8600 euros)

(Reporting by Siddarth S in Dubai; Editing by Rachel More and Alison Williams)