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Germany, an important investment destination: minister

Business Doha 23 May 22
Germany, an important investment destination: minister
Germany is one of the most important investment destinations for Qatar: Minister
Fee
Event Location
Qatar, Qatar
Area
Doha
Start Time
23 May 2022, 12:00 AM
End Time
31 May 2022, 12:00 AM
Website

Qatar Minister of Commerce and Industry Sheikh Mohammed Bin Hamad Bin Qassim Al-Thani emphasized the depth and strength of trade and investment relations between Qatar and Germany, Qatar News Agency (QNA) reported.

In this regard, he said that the volume of trade exchange between the State of Qatar and Germany grew by 79 percent to reach about USD 3 billion over the past year.

The authorities concerned with economic affairs estimated the size of Qatari investments in the Federal Republic of Germany at about 25 billion euros, which included important sectors in the German economy such as the automobile sector, energy and micro-technologies.

He added that there are around 331 German companies working in the field of railway development, trade, contracting services, communications, roads and infrastructure, medical equipment and other vital fields in the Qatari market.

He pointed to the commercial agreements and MoU signed between the two friendly countries, including the agreement to protect and encourage mutual investments, as well as the agreements signed in the fields of health, sports, media, archaeology, solar energy, culture, industry, trade, civil aviation and air transport. He referred to the agreement to establish the Qatari-German Joint Commission on Economic, Trade and Technical Cooperation, which held its sixth session in Berlin in 2019.

Regarding Qatari investments in Germany, His Excellency explained that Germany is one of the most important investment destinations for the State of Qatar, as important investments were directed towards a group of German sectors, such as the automotive industry, telecommunications, hospitality, banking services and other important sectors.

Qatar Germany relations



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