![Image of Kuwaiti Deputy Foreign Minister Khaled Al-Jarallah (C) [Voop Media Kuwait/Facebook]](https://i0.wp.com/www.middleeastmonitor.com/wp-content/uploads/2017/05/2016_11_2-Khaled-Al-Jarallah14882203_567046076828235_1308513701280933950_o.jpg?fit=1200%2C800&ssl=1)
The Kuwaiti private sector is the largest Arab investor in Germany with investments worth €16 billion ($18.3 billion), Chairman of Kuwait’s Chamber of Commerce and Industry (KCCI), Ali Mohamed Al-Ghanim, said.
Al-Ghanim said during an event organised in the German embassy on Tuesday, that Kuwaiti investments in Germany reach €35 billion ($40 billion).
Speaking to Kuwait News Agency (KUNA), Al-Ghanim said the Kuwaiti government’s most important investments are in Mercedes-Benz; which in 2014 celebrated 40 years of the partnership with the Kuwait Investment Authority (KIA).
Meanwhile, Kuwaiti Deputy Foreign Minister Khaled Al-Jarallah praised the close and solid relations between Kuwait and Germany.
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