Qatar Chamber Partakes in Arab-German Chamber of Commerce & Industry Meeting

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 June 21-23, 2022. Sheikh Khalifa bin Jassim Al Thani, Chairman of the Board of Directors, headed the Chamber’s delegation to the meetings. The delegation compromised members of the Board of Directors: Mohammed bin Mahdi Al Ahbabi, Dr. Khalid Klefeekh Al Hajri, Rashid Nasser Rashid Saree Al Kaabi, the General Manager 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 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 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, the officials 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 both 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.

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, including €12.4 billion of Arab exports to Germany, and €28.8 billion of German exports to the Arab countries, achieving a growth of 10% compared to previous year, when the volume of trade exchange amounted to about €37.5 billion.

The Chairman of the Chamber stressed the strength of relations between 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 QR11.2 billion (~US$3.07 billion) in 2021, compared to QR6.4 billion (~US$1.7 billion) in the past year 2020, achieving record growth of 75%.  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.