His Excellency Mr. Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, met with Dr. Siegfried Russwurm, President of the Bundesverband der Deutschen Industrie (BDI), Federation of German Industries, as part of Qatar’s participation in the Hannover Messe International Industrial Fair 2022.

The meeting was attended by a number of representatives of the entities forming the Qatari delegation, namely the Investment Promotion Agency, and Qatar Chamber.

The meeting featured previewing the bilateral relations between the two countries, and discussing various issues and topics related to economic developments and joint relations between the State of Qatar and the Federal Republic of Germany.

The convening officials also addressed cooperation in terms of establishing joint industrial projects between both sides’ private sectors, as well as capitalizing on the German experience in the field of developing small and medium industrial zones.

Additionally, officials tackled organizing and exchanging visits between the German and Qatari industrial sectors, holding exhibitions and joint events, and exchanging experiences.

During the meeting, H.E. the Undersecretary of Commerce and Industry highlighted the successful economic policies Qatar has put in place to support the private sector, and pointed out the incentives, legislations, and promising opportunities available in Qatar that are aimed at encouraging German investors, businessmen, and business owners to invest in Qatar.

It is worth noting that Qatar and Germany have close economic and trade relations that have been positively reflected on the volume of trade exchange between the two countries. The volume of trade exchange between Qatar and Germany amounted to around 3.152 billion USD in 2021, and Germany ranks as Qatar’s tenth trading partner. Moreover, Qatar is home to about 323 German companies operating in various economic fields.