HE Ambassador of the State of Qatar to the Federal Republic of Germany Abdullah bin Mohammed bin Saud Al-Thani noted that Qatari-German economic relations experienced remarkable growth and flourishing over the past five decades, with the State of Qatar becoming one of Germanys most important international partners, adding that the high volume of bilateral trade exchange brought about a growth of investments in multiple sectors, thus, fortifying bilateral cooperation and paving the way for new partnership opportunities.
In this context, he stated that Qatari investments in major German companies stand thus far at EU 25 billion, with Qatar being the largest shareholder in automobile giant; Volkswagen, with a share amounting to USD 9 billion, and a 21 percent stake in Siemens, an energy, electronics, healthcare, infrastructure company.
HE Ambassador Abdullah bin Mohammed bin Saud Al-Thani pointed out that Qatar owns a 6.1 percent stake in Deutsche Bank; one of the most important international banks known f
or its pioneering role in major global investments and deals. Moreover, Qatar also owns a 49 percent stake in SolarWorld; one of the largest global solar panel technology companies, HE the Qatari Ambassador to Germany noted that Qatari investments are not limited to industrial and technological companies alone, rather it extend to the shipping sector, an example of which is Hapag-Lloyd; one of the largest global container liner shipping companies, in addition to owning shares in Hochtief; the largest construction company Germany, in addition to investments in the RWE AG Group; one of the world’s largest renewable energy producers, with an amount of 2.4 billion euros.
As for the trade exchange volume between Qatar and Germany, His Excellency said that it reached more than USD 2 billion last year, and stands at more than USD 1.3 billion this year according to data available until August, with His Excellency expecting it to exceed USD 2 billion by the end of the year.
HE Ambassador of the State of Qatar to the
Federal Republic of Germany concluded his statement to Qatar News Agency by referring to the State of Qatar’s efforts over the past five decades to strengthen its relations and partnerships in parallel with Qatar’s pivotal role in promoting peace and development regionally and globally, through effective participation in all efforts that aim to face challenges and reduce tensions in international relations, with his emphasizing that Qatar has always been keen to enhance understanding through constructive civilizational dialogues, promoting tolerance and brotherhood among different religions and cultures.
Source: Qatar News Agency