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The Qatar Chamber (QC) recently hosted a landmark Qatari German Business Meeting at its headquarters, co-chaired by HE Mohamed bin Ahmed bin Twar Al Kuwari, QC’s First Vice-Chairman, and Gordon Pelz, Vice Chairman of the German Mittelstand (German Association for SMEs). The event drew participation from key figures, including QC board member Mohamed bin Ahmed Al Obaidli, Qatari business leaders, and members of the German delegation. The primary focus of the meeting was to strengthen bilateral commercial and economic ties while exploring investment opportunities in diverse sectors, such as healthcare, agriculture technologies, real estate, renewable energy, transport, shipping, and IT. HE Mohamed bin Twar Al Kuwari highlighted the distinguished relations between Qatar and Germany, emphasizing their significant trade volume of QR 6.4 billion last year. Germany stands out as one of Qatar’s crucial trade partners, showcasing the robust economic and commercial collaboration between the two nations. Al Kuwari underscored the importance of boosting mutual investments, citing the substantial presence of German companies in various sectors within Qatar and significant Qatari investments in Germany, totaling € 25 billion. He expressed optimism for increased investments in the coming period and urged German companies to leverage Qatar’s incentives for foreign investors. Addressing the gathering, Al Kuwari detailed Qatar’s world-class infrastructure and investor-friendly legislation, positioning it as a global hub for business and investment. He emphasized the advantages available to non-Qatari investors, allowing them to own 100% of capital in all sectors and economic activities, highlighting investment incentives offered by free and logistics zones. Al Kuwari emphasized the QC’s support for cooperation between Qatari and German companies, encouraging German investments in Qatar and fostering collaboration between the two nations. Gordon Pelz commended the existing relations between Qatar and Germany, noting the delegation’s representation of leading German companies across various sectors. These companies expressed eagerness to establish affiliates in Qatar and forge partnerships with Qatari counterparts. Pelz announced the opening of a German Mittelstand office in Qatar to facilitate the investment of German firms in the Qatari market and enhance communication with local firms. He highlighted the association’s extensive network, comprising 300 offices in Germany and 80 offices abroad. Mohamed Al Obaidli emphasized the Qatari business community’s keen interest in building long-term partnerships with German companies, particularly in benefiting from German technology in the industrial sector. Stressing the pivotal role of the private sector, Al Obaidli highlighted Qatar’s advanced infrastructure as a magnet for investments across various economic sectors. He identified sectors such as banking digital technology, food security, tourism, and others as ripe for cooperation between Qatari and German businessmen, solidifying Qatar’s position as a vital destination and business hub for external markets. The collaborative efforts showcased at the Qatari German Business Meeting are poised to contribute significantly to the economic growth and development of both nations. |
