German Companies Pledge €631 Billion Investment to Boost Economy by 2028

More than 60 leading German companies, including Siemens and Deutsche Bank, have pledged to invest over 631 billion euros (approximately 735 billion U.S. dollars) in Germany by 2028 as part of the 'Made for Germany' initiative aimed at boosting the country’s economic growth and competitiveness. This large-scale investment commitment coincides with Chancellor Friedrich Merz's administration prioritizing economic revitalization after two years of recession and stagnation. The German government has also established a 500 billion euro fund to modernize infrastructure and is focusing on cutting red tape and accelerating digitization to enhance the business environment. Chancellor Merz emphasized that the initiative signals a positive shift in investor sentiment and declared, "Germany is back," highlighting the country as a forward-looking investment location. While business leaders, including Deutsche Bank CEO Christian Sewing and Siemens CEO Roland Busch, welcomed the initiative, they urged the government to continue reforms to sustain long-term growth and address structural challenges such as labor shortages and slow approval processes. The collaboration between government and private sector investors aims to create momentum for economic growth and modernize Germany's industrial base.