
Investment commitments worth billions for the German economy were announced at the 'Invest in Germany' conference.
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The 'Invest in Germany' conference aims to attract foreign investment to the German business location.
According to Chancellor Friedrich Merz, there are billions of euros in investment commitments in the German economy. At the “Invest in Germany” conference, the Chancellor spoke of commitments totaling 800 billion euros by 2028, which are to be invested by several companies in German business locations.
Federal Minister of Economics Katherina Reiche also spoke of investment commitments amounting to billions. She emphasized on Deutschlandfunk that there were commitments of 228 billion euros. This sum only includes projects with a volume of more than 100 million euros. The exact time frame and context in which the commitments were made remained unclear at first.
Amazon already announced concrete investments at the summit. The US company wants to invest around 16 billion euros in Germany next year. The money will, among other things, flow into the expansion of data centers for the cloud provider AWS and the modernization of the logistics locations.
Merz uses clichés
Merz used the summit in Berlin to highlight Germany's strengths as a location. The Chancellor used clichés to help him: "Germans are considered hard-working, go to bed early and get up before sunrise." Rush hour traffic is heaviest between 6 and 7 a.m. in the morning. "When we're on vacation, we're the first ones on the beach and lay out our towels before breakfast. And when we agree delivery dates, we stick to them."
Germans are reliable, predictable, precise and not good for surprises, said Merz. "In short: we are exactly what investors value most." The good thing about clichés is that they are often full of truth. In addition, Germany offers investors a unique combination of industrial excellence, technological innovation and access to one of the world's largest domestic markets, said the CDU politician.
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Amazon is investing 16 billion euros in Germany next year.
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