The Qatar Chamber (QC) and German Mittelstand (German Association for SMEs) discussed the possibility of establishing joint ventures and commercial alliances between Qatari and German companies.
This came during the Qatari-German Business Meeting held at Qatar Chamber today and attended by QC’s First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari and Vice Chairman of the German Mittelstand (German Association for SMEs) Gordon Pelz. The event was also attended by many Qatari businessmen and members of the German delegation.
The meeting focused on enhancing commercial and economic relations and exploring the investment climate and opportunities in both Qatar and Germany, especially in sectors like healthcare, agriculture technologies, real estate, renewable energy, transport and shipping, and IT.
In his remarks at the meeting, QC First Vice-Chairman Mohamed bin Twar Al Kuwari emphasized that Qatar and Germany enjoy distinguished relations in various fields, especially in economic and commercial spheres. He noted that their trade volume last year amounted to QR 6.4 billion and highlighted that Germany is one of the most important trade partners for Qatar.
Mohamed bin Twar underscored the significance of strengthening mutual investments, pointing to the presence of many German companies operating in Qatar across various sectors such as contracting, trading, services, shipping, medical equipment, and devices, among others.
He mentioned that there are many Qatari investments in Germany in sectors including automobiles, energy, electronics, solar power, banking, healthcare, infrastructure, and more. He indicated that Qatari investments in Germany amounted to 25 billion euros and expressed expectations for more investments in the coming period.
QC First Vice-Chairman called on German companies to benefit from the incentives and advantages offered by Qatar for foreign investors and to explore the numerous opportunities available in Qatar, including its world-class infrastructure and stimulating legislation, making Qatar a global hub for business and investment and an attractive destination for major international companies.
For his part, Gordon Pelz praised the bilateral relations, noting that the delegation included a group of German businessmen and executives officials of a number of leading companies in various sectors such as technology, agriculture, and construction. He indicated that these companies are eager to open affiliates in Qatar and forge partnerships with Qatari companies.
He said the German Mittelstand opened an office in Qatar to facilitate the investment of German firms in the Qatari market and streamline communication with Qatari firms. He noted that there are 300 offices within the association in Germany and 80 offices abroad.
QC board member Mohamed bin Ahmed Al Obaidli said that Qatari business owners are eager to build long-term partnerships with German companies, and that the private sector on both sides can play an important role in developing trade between both countries, especially in light of the advanced infrastructure Qatar owns to attract investments in various economic sectors.
Al Obaidli also said that Qatar is an essential destination and a hub for investment, pointing out that there are many sectors in which Qatari and German businessmen can cooperate in like banking digital technology, food security, tourism, major events organization, and others. (QNA)
