Doha, September 24 (QNA) - HH the Amir Sheikh Tamim bin Hamad Al-Thani will meet Sunday with HE Chancellor of the friendly Federal Republic of Germany Olaf Scholz who will arrive in Doha on an official visit to the State of Qatar.
HH the Amir and HE the German Chancellor will discuss the bilateral relations between the two friendly countries and ways of promoting and strengthening them in various fields, in addition to the most prominent regional and international issues of common concern.
The visit of the German Chancellor to Doha reflects the strong and distinguished relations between the State of Qatar and the Federal Republic of Germany, and the keenness of the leaders of both countries to develop and push forward the bilateral cooperation and partnership between the two countries to new horizons in various fields, in order to serve the common interests of the two friendly countries.
Qatar and Germany enjoy strong and deep-rooted friendship and partnership based on mutual trust and common interests. These relationship has been spanning decades of cooperation in the political, economic, trade and investment fields, and there is an ongoing dialogue and continuous consultation between the two sides on political coordination regarding regional issues as well as hot international files.
The two countries are linked by several economic agreements and memorandums of understanding, most notably the Agreement on Mutual Promotion and Protection of Investments, agreements in the fields of industry, trade, health, culture, sports, archaeology, solar energy, civil aviation and air transport, and the agreement to establish a joint committee for commercial, economic and technical cooperation, which has organized many sessions over the past years.
It is expected that the relations between the two countries will witness wider prospects in the coming period, especially in light of the agreements and memorandums of understanding signed between the two countries and the momentum that has been reflected in the high-level visits between Doha and Berlin, the most recent of which is the working visit of HH the Amir to Germany on May 20, 2022. During the visit, the two sides discussed relations between the two friendly countries and ways of bolstering them at all levels, including the fields of education, economy, investment, energy and defense. The visit also touched on the latest international developments and issues of common concern. In addition, HE Vice Chancellor of Germany and Federal Minister for Economic Affairs and Climate Action Dr. Robert Habeck visited Doha in March 2022.
During HH the Amir's visit to the Federal Republic of Germany in May, the two countries signed a joint declaration of intent to strengthen the joint cooperation in the field of energy. This agreement is based on the successful and continuous dialogue between Qatar and Germany, and is expected to expand further into an energy partnership by building trade relations in the field of liquefied natural gas that serves the interests of the two countries and achieves their ambitions in climate action.
This partnership is expected to promote diversification in Germany's energy supply through LNG imports from Qatar, while facilitating bilateral cooperation in hydrogen and renewable energies.
The energy partnership between Qatar and Germany will support the high-level dialogue on various energy topics, build bridges between the two countries and bring together stakeholders from the public and private sectors.
Germany is a strategic partner of the State of Qatar and an important destination for Qatari investments which amounted to about 25 billion euros. These investments include vital projects in the automotive, information technology and banking sectors. The pace of these investments has increased, especially following 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 10 billion euros into the German economy over the next five years. 

The volume of trade exchange between Qatar and Germany increased by 80% in 2021 to reach more than $3 billion. Over 330 German companies are contributing to the development of the Qatari economy in various vital fields such as energy, construction, services, railway development, trade, contracting, communications, medical devices and equipment and others. In addition, the German companies contribute to infrastructure projects and projects related to the FIFA World Cup Qatar 2022.
Qatar has stakes in Germany's most important commercial and banking groups - the State is the largest shareholder in the German automotive giant Volkswagen Group with a stake worth $9 billion, as well as in Siemens, Hapag-Lloyd which is one of the world's largest shipping companies, and HOCHTIEF, Germany's largest construction company that operates on a global scale.
Based on its National Vision 2030, the State of Qatar has worked to provide the appropriate investment climate through a series of laws and legislation that attract investment, as well as the political and social stability enjoyed by the country and its strong and balanced relations with all parties. Qatar also has strategic geographical location as a major commercial transit gateway linking East to West, in addition to advanced digital infrastructure that ensures the smooth flow of trade and capital to international investors and a large commercial port and airlines that connect it with the most important cities and global trade routes.
In June, the Investment Promotion Agency Qatar (IPA Qatar) highlighted the promising investment prospects in the country during its participation in the official delegation of the State of Qatar to the Hannover Messe International Industrial Fair 2022 in Germany. In July, Qatar Financial Center held two meetings in Berlin and Munich, in cooperation with the Embassy of the State of Qatar in Germany, to highlight the legal structures it provides to companies and attract leading German companies and startups to establish headquarters in Qatar.
On the other hand, Germany shares a wide border with nine other countries, eight of which are members of the European Union. It belongs to the most developed and powerful industrialized world. After the United States, Japan and China. Germany is the fourth largest economy in the world, and is also the largest and most important market in the European Union countries with a population of more than 82 million people.
The German economy is focused on industrial products and services, and the German machinery, cars and chemical products have a distinguished global reputation. Because of its great orientation towards export, Germany is one of the most interconnected and overlapping countries with the global economy. Its exports of goods and services contribute to more than a quarter of the German income with more than a fifth of job opportunities depend on exports. In 2009, Germany ranked second in the world after China in the volume of exports with $1121 billion. (QNA)