​On the sidelines of the Hannover Fair 2018H.E Minister of Economy and Commerce meets with Director General of the German Chambers of Commerce and Industry abroad
 
H.E Sheikh Ahmed bin Jassim bin Mohammed Al-Thani, Minister of Economy and Commerce, met on Sunday, April 22, 2018, with Dr. Volker Trier, Deputy CEO of the Association of German Chambers of Commerce and Industry and Director General of German Chambers of Commerce and Industry abroad. The meeting took place on the sidelines of Qatar’s participation in Hannover Fair 2018.
Discussions touched on German-Qatari bilateral ties and issues related to economic developments and joint relations. Officials also discussed the characteristics that position Qatar as an attractive destination for foreign investments, which will contribute to increasing the flow of foreign direct investments and attracting new German companies to the promising Qatari market.
Discussions also touched on Qatar’s excellent logistic services such as Hamad port and the economic zones, which would attract foreign investments. H.E Minister of Economy and Commerce also highlighted that a Qatari-German Business and Investment Forum will be held in Germany. Discussions touched on the timing of the forum and the importance of facilitating Qatari-German partnerships in various fields.
Qatar and Germany enjoy close economic and trade relations that reflected positively on the volume of bilateral trade, which amounted to approximately 8.37 billion Qatari Riyals in 2017, the equivalent of 2.29 billion dollars, positioning Germany as Qatar’s 11th trading partner.
Around 27 companies fully owned German companies are currently operating in Qatar in addition to 112 Qatari-German joint companies operating in the fields of trade, construction, services, telecommunications, roads infrastructure and medical equipment among other sectors. Five German companies are also licensed under the umbrella of the Qatar Financial Center.
Through a 900-sqm pavilion, Qatar is participating for the first time in the Hannover Fair 2018, the world’s largest industrial forum being held in Hanover, Germany, from April 23 to 27.
The Hannover Fair is the world’s largest industrial forum and leading trade fair for industrial technology. The five-day fair, which attracts the world’s largest manufacturing companies, covers a wide range of topics on industrial and information technology, industrial supply and engineering, services, energy and environmental technology.