Germany has officially announced allocating 50 million euros for its 450,000-square-meter pavilion in the Dubai Expo 2020 – under the theme of "Connecting Minds, Creating the Future".
Commissioner General of the German pavilion Dietmar Schmitz signed a contract with Executive Director of the Dubai Expo 2020 Bureau Najeeb Mohammed Al Ali on the European state's participation in the event.
Germany is the fourth largest economy in the world in terms of nominal GDP and has long been a global advocate of sustainability and renewable energy.
In view of its deep interest in realizing sustainable development, Germany chose that its pavilion will be located in the Sustainability District at Expo 2020.
Germany seeks to depend on renewable energy resources in generating 80% of its electricity by 2050.
The UAE also shares Germany the dream of expanding the use of renewable energy. The Arab state plans to generate 44% of its energy through renewable energy resources by 2050.
The UAE is Germany's no 1 economic partner in the region with the volume of trade exchange between the two sides standing at $17 billion.
As many as 170 states have signed contracts with the UAE to take part in Expo 2020 which will be held from October 20, 2020 to April 10, 2021.