12/11/2025 04:09 AST

Alphabet's Google will invest 5.5 billion euros ($6.41 billion) in Germany in the coming years in a push to expand its infrastructure and data centre capacity in Europe's largest economy, company and government officials said on Tuesday.

The plan includes a new data centre in Dietzenbach, close to Frankfurt, as well as the expansion of the U.S. company's site in the city of Hanau, also in the central German state of Hesse, Google and state officials said at a news conference in Berlin.

Marianne Janik, vice president for Google Cloud Northern Europe, told Reuters that the investment, to be made in the 2026-2029 period, would involve 100 people working in Dietzenbach and Hanau, respectively.

Philipp Justus, Google's head in Germany, said the plan was likely to secure a total of 9,000 indirect jobs in the region.

"The economic multiplier effect of this investment will be considerable," he added. Finance Minister Lars Klingbeil said Google's investment plan was a "truly important signal for Germany as a business location", which follows a $1.2 billion AI partnership between Deutsche Telekom and Nvidia announced last week. Germany has been trying to lure in investors and help boost its struggling economy, which has been subject to high costs and red tape. Klingbeil mentioned his government's creation of a huge off-budget infrastructure fund to boost Germany as a business location, but said no state subsidies would be forthcoming for the Google investment.

"The funds have been available for a few weeks now, and we are seeing considerable interest and demand. Our clear goal is to modernize our country and advance its economy," he said.


Reuters

Ticker Price Volume
Index Closing Change
NIKKEI 225 36,581.76 -251.51 (-0.68%)
DAX 18,699.40 181.01 (0.97%)
S&P 500 5,626.02 30.26 (0.54%)
China Suspends 'Special Port Fees' on US Vessels

11/11/2025

China said Monday it would suspend for one year "special port fees" on US vessels "simultaneously" with Washington's pause on levies targeting Chinese ships, as a fragile trade truce between the supe

Asharq Al Awsat

Egypt Inflation Accelerates to 12.5% in October

11/11/2025

Egypt's annual urban consumer price inflation rose more than expected to 12.5% in October, ending a four-month downward trend, data from statistics agency CAPMAS showed on Monday.

The median

Asharq Al Awsat

Egypt announces new gas discovery in Western Desert

10/11/2025

The Egyptian Ministry of Petroleum and Mineral Resources has announced a new natural gas discovery in the Badr-15 area in the Western Desert.

The field has been immediately added to the prod

Trade Arabia

US govt shutdown sends airlines scrambling as travel chaos looms

07/11/2025

US airlines were scrambling on Thursday to rejig schedules and fielding a flood of customer queries after the US ordered flight cuts at some of the nation's busiest airports, the latest travel disrup

Reuters

Chinese Economy to Exceed $23.8 Trillion by 2030, Premier Says

06/11/2025

Premier Li Qiang said on Wednesday that China's economy will exceed 170 trillion yuan ($23.87 trillion) by 2030, presenting a big market opportunity for the world as trade restrictions rise globally.

Asharq Al Awsat