Qatar and Germany discussed strengthening trade and investment ties during the Qatar–Germany Business Meeting held at the headquarters of the Qatar Chamber of Commerce and Industry in Doha.
Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani praised Qatar’s economic relationship with Germany, describing it as “a highly valuable partner for the State of Qatar.” He emphasized the pivotal role of German companies in supporting Qatar’s industrial development and technological modernization.
He affirmed Qatar’s keen interest in enhancing trade exchange and boosting mutual investments with Germany across all sectors. Qatar is among the largest investors in Germany, with investments exceeding €25 billion, covering vital sectors such as automotive, telecommunications, hospitality, and banking. He noted that bilateral trade exceeded 6 billion riyals (about $1.6 billion) last year, compared to 7.1 billion riyals in 2023, according to a statement from the Qatar Chamber.
German Ambassador to Doha Hans-Udo Muzel stated that “Qatar is among the largest investors in Germany, opening greater prospects for cooperation and partnerships between the business communities of both countries.” Qatar Investment Authority (the sovereign wealth fund) holds investments exceeding $14 billion in leading German companies such as Siemens, Porsche, Volkswagen, and Deutsche Bank, alongside 342 German companies operating in Qatar.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
