Qatar-Germany bilateral trade registered a 76% surge in 2021

By Salma C, Intern Reporter
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Qatar Chamber meeting with Dr. Robert Habeck, German Vice Chancellor and Federal Minister for Economic Affairs and Climate Action, and his accompanying delegation

Chairman of the Qatar Chamber of Commerce and Industry, Sheikh Khalifa bin Jassim al-Thani has stated that the volume of bilateral trade between Qatar and Germany was more than $3 billion in 2021, noting a gain of 76 percent over $1.7 billion in 2020, making it one of Qatar’s most important trading partners in Western European countries.

Sheikh Khalifa made the statement during an engagement with Dr. Robert Habeck, German Vice-Chancellor and Federal Minister for Economic Affairs and Climate Action, and his accompanying delegation.

The meeting was held in the presence of the Qatar Chamber’s first Vice-Chairman Mr. Mohamed bin Towar al-Kuwari, German ambassador Dr. Claudius Fischbach, and several Qatar Chamber board members and prominent businessmen from both countries.

The meeting discussed the growth of economic and trade relations, the investment climate and the opportunities available in both countries, especially in the oil and gas sector. Mr. Habeck said the delegation’s visit was aimed at examining Germany’s strong partnership with Qatari companies in the energy, oil and gas sectors. The German Vice-Chancellor said the bilateral meetings helped German companies to learn about the co-operative sector and the establishment of joint ventures with Qatari representatives.

Mr. Habeck appreciated Qatar’s investments in Germany and invited Qataris to increase their investment in various areas of Germany and to take advantage of the favorable investment climate and opportunities.

“We are looking forward to a long-term and fruitful co-operation between business sectors from both friendly countries,” Mr. Habeck added.

Sheikh Khalifa said that about 100 German companies are operating in Qatar in various fields, including trade, contracting, services, shipping, medical equipment and devices.

Sheikh Khalifa remarked that “There is a clear German presence in many projects in Qatar, such as infrastructure projects and those related to the 2022 FIFA World Cup. German companies enjoy a renowned international reputation due to their advanced technology.”

Qatari investments in Germany amounted to $27.61 billion. Sheikh Khalifa shared the hope of more investment in many sectors in the coming period. Especially beyond the 2022 FIFA World Cup, there is more potential for cooperation in the fields of energy, technology, oil, gas, services and the environment.

The Qatar Chamber will support and encourage increased cooperation and partnerships between Qatari and German firms and welcomes more German companies that benefit from Germany’s advanced technology in the Qatari market.

Qatar Chamber Chairman further stated that “Qatar Chamber calls upon Qatari investors to explore business opportunities available in Germany, boost co-operation with German firms, and forge genuine partnerships whether in Qatar and Germany, especially that Germany is an attractive destination for investment and rife with a myriad of opportunities in most sectors.”

After the meeting, bilateral talks were held between Qatari businessmen and members of the German delegation to review the possibility of establishing joint alliances and partnerships in Qatar and Germany.

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