Khalifa Bin Jassim: Arab- Germany Countries Trade Exchange: €41.2 Billion
Qatar -Germany Trade Exchange in 2021: QAR 11.2 Billion, a growth of 75%
Chamber chairman and Egyptian Minister of Trade discuss holding a joint exhibition
Qatar Chamber participated in the joint meeting of the Executive Office and the Board of Directors and the General Assembly’s meeting of the Arab-German Chamber of Commerce and Industry “Ghorfa”, where both meetings were held in the German capital, Berlin. The Chamber also participated in the 25th Arab-German Economic Forum, Which was held in Berlin from 21 to 23 June 2022.
His Excellency Sheikh Khalifa bin Jassim Al Thani, Chairman of the Board of Directors, headed The Chamber’s delegation to the meetings, and the delegation compromised members of the Board of Directors; Mr. Mohammed Bin Mahdi Al-Ahbabi, Dr. Khalid Klefeekh Al Hajri, Mr. Rashid Nasser Rashid Saree Al Kaabi, the General Manager Mr. Saleh Bin Hamad Al-Sharqi, Director of the General Manager’s Office Mohammed Saad Al-Muhannadi, and several Qatari businessmen.
During the joint meeting of the Executive Office and the Board of Directors, emphasis was placed on strengthening trade and economic cooperation relations between Germany and the Arab countries, while the General Assembly meeting approved the items on the agenda.
The Chamber’s delegation, headed by His Excellency Sheikh Khalifa bin Jassim Al Thani, held several meetings with the participating delegations on the sidelines of the Arab-German Economic Forum, including the Chamber’s meeting with H.E. Mrs. Nevin Jameh, Minister of Trade and Industry of the Arab Republic of Egypt, in the presence of Dr. Khaled Hanafi, Secretary-General of the Union of Arab Chambers.
During the meeting, they discussed ways to enhance commercial and industrial cooperation relations between the two brotherly countries, encourage mutual investments and the role of the private sector in the two countries in activating these investments in a way that enhances trade exchange.
The two sides also agreed to prepare for the establishment of a joint Qatari-Egyptian exhibition during which the Qatari and Egyptian industries and products will be promoted under one roof, within the framework of activating the tools that can increase the volume of trade exchange between the two countries.
His Excellency Sheikh Khalifa bin Jassim Al Thani, Chairman of Qatar Chamber, said in statements on the sidelines of the 25th Arab-German Economic Forum that Arab-German economic relations have significantly developed in recent years. The value of trade exchange between both sides during the year 2021 amounted to 41.2 billion euros, including 12.4 billion euros of Arab exports to Germany, and 28.8 billion euros of German exports to the Arab countries, achieving a growth of 10% compared to last year, when the volume of trade exchange amounted to about 37.5 billion euros.
His Excellency, the Chairman of the Chamber, stressed the strength of relations between the State of Qatar and the Federal Republic of Germany, particularly in the economic and commercial areas, pointing out that the trade exchange between both countries amounted to about 11.2 billion Qatari riyals in 2021, compared to 6.4 billion Qatari riyals in the past year 2020, achieving record growth of 75 percent. %.
He indicated that Germany is one of Qatar’s most important investment destinations, as Qatari investments in Germany vary between the automotive industry, telecommunications, hospitality, banking services, and other vital sectors.
The Arab-German Economic Forum, Since its first round and during its successive rounds, has witnessed many developments and updates, which included, in addition to the number of participants and the level of participation on both sides of businessmen, officials, and government representatives, the expansion of research, study, and exploration of various aspects of economic cooperation and ways to develop them, besides viewing the most critical developments and economic transformations, and discussing emerging and modern economic sectors. The forum also contributed to adding new modern measurements to Arab-German economic relations.
The economic forum mainly aims at tightening the economic partnership between the Arab countries and Germany in various economic sectors, whether by increasing trade exchange and the volume and value of goods and commodities exchanged by both sides or by raising the volume of mutual investments, whether those undertaken by governments or by private companies.
The activities of the forum also contribute to exploring new sectors and areas of cooperation, particularly those related to modern technologies and techniques, and working to benefit from them in modernization and economic diversification programs in Arab countries, as well as transferring cooperation in traditional areas and sectors to higher and more intense levels.