Alphabet's Google (GOOGL.O) announced it will invest 5.5 billion euros (about $6.41 billion) in Germany in the coming years. This push aims to expand the company's infrastructure and data center capacity in Europe's largest economy.
The plan includes a new data center in Dietzenbach, near Frankfurt, as well as the expansion of the U.S. company's existing site in Hanau, both located in the central German state of Hesse. Google and state officials announced the news at a conference in Berlin.
Marianne Janik, vice president for Google Cloud Northern Europe, told Reuters that the investment will be made during the 2026–2029 period. It will create 100 jobs in Dietzenbach
and Hanau, respectively. Philipp Justus, Google's head in Germany, said the plan is also likely to secure a total of 9,000 indirect jobs in the region. He added that the economic multiplier effect of this investment will be considerable.
Finance Minister Lars Klingbeil called Google's investment a truly important signal for Germany as a business location. This follows a $1.2 billion AI partnership between Deutsche Telekom and Nvidia announced last week. Germany has been trying to attract investors and help boost its struggling economy, which has been challenged by high costs and red tape.
Klingbeil mentioned his government's creation of a large off-budget infrastructure fund to boost Germany as a business location. Crucially, he confirmed that no state subsidies would be forthcoming for the Google investment. He concluded that the funds have been available for a few weeks now, and they are seeing considerable interest and demand. The clear goal is to modernize the country and advance its economy.
Found this article interesting? Follow us on X(Twitter) ,Threads and FaceBook to read more exclusive content we post.
