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Posted On: 3 September 2018 04:59 am
Updated On: 12 November 2020 02:01 pm

Qatar for huge investments in Germany, says report

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Qatar plans to invest billions of dollars more in Germany and will broaden its focus to the country’s medium-sized companies, business newspaper Handelsblatt said in a report due to be published today.

Citing diplomatic and company sources, the paper said that the Qatar Investment Authority (QIA) and private sector players would be looking at Germany’s “Mittelstand” manufacturing companies.

“We see Germany as a key player in the world economy and are looking at the German market with great optimism,” Handelsblatt quoted Qatar’s Minister of Finance HE Ali Sherif al-Emadi as saying.

“Our delegation will be announcing big new investments,” he said in an interview in the Handelsblatt report ahead of a Qatar Germany Business and Investment Forum in Berlin on September 7.

Qatar, the world’s biggest exporter of liquefied natural gas (LNG), has shareholdings in companies including Volkswagen, Deutsche Bank, Siemens, Hochtief and SolarWorld.

Source: Gulf Times