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Posted On: 30 June 2019 09:45 am

Qatar has invested 25 Billion Euros in Germany until 2018

Abdullah Amir
Abdullah Amir
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The Qatar Chamber (QC) has participated in the 22nd Arab-German Economic Forum, held in the German capital Berlin recently, with the participation of delegations from the Arab Chambers of Commerce and Industry and many businessmen and economists from the Arab and German sides.

H.E. Chairman of the Qatar Chamber (QC) Sheikh Khalifa bin Jassim bin Mohammed Al -Thani headed the QC delegation at the Economic Forum, which was attended by HE Ambassador of the State of Qatar to the Federal Republic of Germany Sheikh Saud bin Abdulrahman Al -Thani.

H.E. the Chairman of Qatar Chamber held several meetings with the heads of the participating delegations during which they discussed ways to enhance cooperation between the business sectors in Qatar and those countries, to boost bilateral trade with them.

In a statement to the press, H.E. Sheikh Khalifa bin Jassim bin Mohammed Al-Thani stressed the importance of the Arab-German Economic Forum in enhancing cooperation relations between the two sides in order to benefit the Arab and German economies. He pointed out that the volume of trade exchange between the Arab countries and Germany is more than 56 billion Euros and that there are efforts by the parties to increase it in the coming years.

H.E. the Chairman of the Chamber praised the strong relations between the State of Qatar and Germany, which reflected positively on the volume of trade exchange between the two countries, reaching about 1.9 billion euros in 2018. He pointed to the presence of more than 300 German companies operating in the Qatari market in a number of vital economic sectors.

H.E. Sheikh Khalifa bin Jassim bin Mohammed Al -Thani said the Qatari investment in Germany, which has reached 25 billion euros by 2018, is expected to reach 10 billion euros in Germany over the next five years.

Source: QNA
Image Credit: The Peninsula Qatar