‘Made in Germany’ initiative to invest €735 bn in economy by 2028

An investment initiative “made in Germany” should contribute 735 billion euros (864 billion dollars) to the German economy by 2028.

According to a press release, 44 additional companies joined the initiative, which was announced by Chancellor Friedrich Merz in July. It now includes 105 medium-sized companies, start-ups and multinationals such as Deutsche Bank and Siemens.

“Companies are ready to assume responsibilities and act decisively to contribute to a growth turnaround,” said a statement.

The announcement came before a meeting of the Merz firm in Berlin on Tuesday aimed at stimulating the economy in difficulty of the country, improving competitiveness and reducing bureaucracy.

Ministers should adopt a “modernization program” on Wednesday, providing for concrete measures to stimulate growth.

“We are doing everything possible to make sure that the German economy resumes its foot and is reproducing for growth,” said Merz.

He praised the announcement by the initiative, which initially established investments of 631 billion euros after a Summit in the Chancellery with business leaders.

The new figure of 735 billion euros includes capital investments, research and development expenses (R&D), as well as international investor commitments.

A “three -digit amounts of billions of euros” is represented by new investments, said the initiative.