Qatar-German trade jumps 76% to cross $3 bn in 2021

Relations between Qatar and Germany have been “strong” and “fast-growing”, with bilateral trade jumping 76 percent in 2021 to cross $3 billion from $1.7 billion in 2020, Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim Al Thani has said.
He was addressing a German delegation headed by German Vice Chancellor Robert Habeck, who is also the Federal Minister for Economic Affairs and Climate Action, in a meeting with QC officials in Doha on Sunday.
Germany is one of the most important trade partners to Qatar, Sheikh Khalifa said.
As for mutual investments, he noted that there were about 100 German companies operating in Qatar in various sectors such as trading, contracting, services, shipping, medical equipment, and devices.
There is a clear German presence in many projects in Qatar, especially those related to the 2022 FIFA World Cup, he said, highlighting the international reputation enjoyed by German companies due to their technological prowess.
Shiekh Khalifa observed that Qatari investments in Germany amounted to €25 billion and said more was on the way.
The QC chairman expressed his conviction that there was room of cooperation between the two sides in several sectors such as solar energy, technology, oil and gas, services, and environment, especially after the 2022 FIFA World Cup.
Sheikh Khalifa said he supports and encourages enhancing cooperation and partnership between Qatari and German firms, and welcomes more German companies in Qatar.
“Qatar Chamber calls upon Qatari investors to explore business opportunities available in German, boost cooperation with German firms and forge genuine partnerships whether Qatar and Germany, especially that Germany is an attractive destination for investment and rife with a myriad of opportunities in most sectors.”
Also present in the meeting were QC first vice-chairman Mohamed bin Twar Al Kuwari, Ambassador of Germany to Qatar HE Claudius Fischbac and a number of QC board members and prominent businessmen from the two countries.
Qatar Chamber (QC) recently held a meeting with a German businessmen delegation in the presence of Dr Robert Habeck, Vice Chancellor and Federal Minister for Economic Affairs and Climate Action and QC Chairman Khalifa bin Jassim Al Thani.
The meeting touched on developing economic and commercial relations, as well as the investment climate and opportunities available between both countries, especially in oil and gas fields.
Speaking at the meeting, Dr Robert Habeck thanked the Qatar Chamber for the swift response to host the meeting, assuring that the visit’s objective is to examine vistas of long-lasting partnerships with Qatari firms in the areas of energy, oil and gas.
The German minister also noted that bilateral meetings between Qatari and German companies pave the way for learning about fields they can cooperate in and establish joint ventures.
He also praised the Qatari investments in his country, inviting Qatari investors to increase their investments and take advantage of the pro-investment climate and the abundance of opportunities it offers in all sectors.
“We are looking forward to a long-term and fruitful cooperation between business sectors from the two friendly countries,” he stressed.
Bilateral meetings between Qatari businessmen and members of the German delegation were held to review the possibility of establishing joint alliances and partnerships between them, whether in Qatar or in Germany.