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Qatar invests €25bn in Germany

July 9, 2020 at 5:00 am

German Chancellor Angela Merkel (R) and Emir of Qatar Sheikh Tamim bin Hamad Al Thani (L) hold a joint press conference after their meeting in Berlin, Germany on 15 September 2017 [Erbil Başay/Anadolu Agency]

Qatari investments in Germany were estimated at around €25 billion with more than 300 German companies operating in the Qatari market in various sectors, Qatari Ambassador to Germany Mohammed Jaham Al-Kuwari disclosed.

In an interview with the German Near and Middle East Association, Al-Kuwari notes that the Qatari economy is continuing to grow sustainably, creating a wide variety of opportunities for local and foreign investors.

Excerpts of the interview were reported by the Qatari Foreign Ministry, where Al-Kuwari affirms that Qatar is an investor in major German companies and aims to further enhance its ties with Germany.

Al-Kuwari explains that: “Qatar continues to prosper, with the country looking to diversify its economic streams by investing in major companies like Siemens, Duetsche Bank and Volkswagen,” adding that recent years have seen the country become more independent, investing in new markets through economic partnerships.

Al-Kuwari expressed Qatar’s desire to enhance its economic ties with Germany, with a focus on small and medium enterprises, which represent 80 per cent of German companies in 2018.

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