Qatar and Germany...Solid Friendly Relations Based on Mutual Trust, Common Interests
20 May 2022

Qatar and Germany...Solid Friendly Relations Based on Mutual Trust, Common Interests

Doha, May 20 (QNA) - HH the Amir Sheikh Tamim bin Hamad Al-Thani started on Friday a work visit to the friendly Federal Republic of Germany, on the third leg of His Highness's current tour to a number of European countries. During the visit, His Highness will discuss with HE German President Dr. Frank Walter Steinmeier, HE Chancellor Olaf Scholz, and a number of senior German officials, ways to develop and strengthen the strong relations between the two friendly countries in various fields, especially political, economic and investment, as well as exchanging views on all regional and international situations of common interest. The visit of HH the Amir to Berlin reflects the strength and distinction of Qatari-German relations, and the desire and keenness of the two countries to strengthen them in various fields and push them towards broader horizons. It is expected that His Highness's visit to Berlin and the discussions that will take place during it will contribute to supporting and strengthening bilateral relations, deepening the investment partnership, and increasing the volume of trade and economic exchange between Doha and Berlin to meet the interests and aspirations of the two countries and their two friendly peoples. The two countries enjoy strong, well-established and rooted friendship and partnership relations based on mutual trust and common interests, spanning decades of cooperation in the political, economic, trade and investment fields. There is an ongoing dialogue and permanent consultation between the two sides regarding political coordination regarding regional issues and hot international files. Qatar is an important partner for Germany in the Middle East and North Africa, based on more than sixty years of trade relations and nearly half a century of political and diplomatic relations, which have left a good impact on the hearts of the two friendly peoples. These relations have also grown significantly over the past years, and nowadays cover a wide range of commercial, cultural, sports, scientific and political fields, while German delegations in various fields visit Doha periodically in order to increase coordination and cooperation in all disciplines and sectors. During the most recent of these visits, HH the Amir Sheikh Tamim bin Hamad Al-Thani met at the Amiri Diwan Office last month with HE Vice-Chancellor and Federal Minister for Economic Affairs and Climate Action of the Federal Republic of Germany Dr. Robert Habeck and his accompanying delegation, on the occasion of his visit to the country. During the meeting, they reviewed bilateral relations between the two countries and ways to enhance and develop them in various fields, especially in the field of energy, in addition to the latest developments on the regional and international arenas. HE Dr. Robert Habeck affirmed that his visit to the State of Qatar and the German delegation, which includes an elite group of representatives of companies operating in the oil and gas sector, aims to discuss prospects for cooperation and long-term partnership with Qatari companies. The two countries have partnership agreements in many fields, such as science, education, technical training, research and development, new and renewable technologies, and others. Diplomatic relations were established between the State of Qatar and the Federal Republic of Germany in 1973. These relations were strengthened through mutual visits at the highest levels in the two countries. Germany is a strategic partner to the State of Qatar and an important destination for Qatari investments, which amounted to about EUR 25 billion, and include vital projects in the automotive, information technology and banking sectors. The pace of these investments increased, especially after the historic visit of HH the Amir Sheikh Tamim bin Hamad Al-Thani to Germany in 2018, during which His Highness announced the intention of the State of Qatar to inject investments worth EUR 10 billion into the German economy over the next five years until 2023, which reflects the depth and strength of bilateral relations at all levels. The volume of trade exchange between the State of Qatar and the Republic of Germany doubled, and exceeded the USD 3 billion barrier in 2021, compared to USD 1.7 billion in 2020, a growth of 76 percent, which makes Germany one of Qatar's most important trading partners. German companies play an important role in the development of the Qatari economy. The number of these companies has reached more than 300 companies operating in vital sectors such as energy, construction, infrastructure, railway development, trade, contracting, services, communications, roads, devices, medical equipment and other fields. The development projects in Qatar provide great opportunities for German companies to increase their contribution to the development of the Qatari economy in other sectors. The State of Qatar has worked, based on Qatar National Vision 2030, to provide an appropriate investment climate, through a series of laws and legislations that attract investment, as well as the political and social stability that the country enjoys, and its strong and balanced relations with all parties, in addition to its distinguished geographical location, which enabled Qatar to become an important financial center in the region that competes with the best global and regional financial centers. Germany shares extensive borders with nine other countries, eight of which are members of the European Union. The Federal Republic of Germany belongs to the most developed and strongest performing country in the industrialized world. After the United States, Japan and China, it is the fourth largest economy in the world and the largest and most important market in the European Union, with a population of more than eighty-two million. The German economy is focused on industrial products and services. German machinery, cars and chemical products enjoy an outstanding global reputation. Because of its great orientation towards exports, Germany is considered one of the most interconnected countries in the world and intertwined with the global economy. Exports of goods and services contribute to achieving more than a quarter of German income, and more than a fifth of job opportunities there depend on exports. In 2009, with exports of USD 1121 billion, Germany ranked second in the world after China. The Asian continent is the second most important market for sales of German products, and China is the most important trading partner. Germany, in turn, is the largest European investor for China since 1999, with about 2,500 German companies investing in various Chinese sectors. (QNA)