Germany seeks more investment from Qatar; German pavilion at Project/Hospitality Qatar to see more activities

0

Germany is seeking more investment from Qatar with which it has “trustful and multifaceted” relations, according to Dr. Julia Harrer, deputy head of mission at the German Embassy.
“Germany is looking forward to further investment from Qatar. We see a lot of potential for future cooperation,” she said at a ceremony that outlined the timeline for the upcoming project/Hospitality Qatar.
She said Qatari investments in Germany were estimated at around 25 billion euros, which included important sectors such as the automotive sector, energy and micro-technology.
Qatar has stakes in the most important German commercial and banking groups, as it is the main shareholder of the Volkswagen group, with a stake of 9 billion dollars, as well as Siemens and other German companies working in the field of technology, shipping and the pharmaceutical industry.
Pointing out that bilateral trade stood at around 1.3 billion euros in 2021, she said there was room for more in the future.
She said that the energy partnership between Germany and Qatar, signed in Berlin, will deepen, ensuring in the future considerable flows of natural gas (LNG) to Germany and providing German contributions to the development of energies. renewables and optimizing energy efficiency here in Qatar. .
On Germany’s participation in the project/Hospitality Qatar; she said the country has been and continues to be a major partner in the Qatar project for the 16th consecutive year since its inception, with an official national pavilion.
The German pavilion at the exhibition is supported by the Federal Ministry for Economic Affairs and Energy, which recognizes the importance that Germany places on the Qatari construction sector and the opportunities that this sector offers to German companies even after the end of the 2022 FIFA World Cup.
“Furthermore, German participation will be even greater this year in the context of the recent visit of His Highness the Amir Sheikh Tamim bin Hamad al-Thani to Germany, and the talks that have helped sustain and strengthen bilateral relations. , further enhancing the investment partnership and increasing the volume of trade and economic exchange between Doha and Berlin,” Harrer said.
She said German companies were actively involved in major construction projects in Qatar, which is finalizing preparations for the FIFA World Cup as it seeks to improve its infrastructure.
This will open “new opportunities and new projects in the years to come,” Harrer said.
There are around 331 German companies working in railway development, trade, contract services, communications, roads and infrastructure, medical equipment and other vital areas in the Qatari market.

Share.

About Author

Comments are closed.