U.A.E. to Double Investment in ‘Like-Minded’ Germany
The United Arab Emirates committed to investing $47 billion in Germany over an unspecified period yesterday, after a meeting between the nation’s leaders in Berlin as part of U.A.E. President Shiekh Mohamed bin Zayed Al Nahyan’s two-day visit.
- $47 billion is equivalent to roughly 8 percent of the U.A.E.’s GDP last year.
- This comes in addition to the $39.5 billion the U.A.E. has already invested in Germany.
Psalm 83 prophesies Germany will form an anti-Israel alliance with moderate Arab states, like the U.A.E. This deal is a step toward that.
How will the money be used?
Yesterday’s joint declaration stated that the investment is designed to make German industry more competitive, transform it into a technological leader, and promote “long-term economic growth.”
Specifically, the investment will fund one-gigawatt capacity data centers in Germany.
- The agreement also creates an “investment council” to help establish additional business ties and deepen public-private sector cooperation.
During the visit, both leaders stated plans to boost defense, energy, emerging technology and cultural cooperation.
- They also noted that as the world becomes more volatile, the importance of “reliable, like-minded partners” is growing. The statement added that they are determined to “stand together in defense of the international order.”
- Although this is primarily an economic partnership, watch for it to grow into a military partnership. Germany already eased arms export restrictions on the U.A.E. in March.
What makes Germany and the U.A.E. “like-minded partners,” based on Bible prophecy, is actually a shared enmity for the modern nations of Israel. Psalm 83 prophesies Germany and the U.A.E. will attack these nations.