Doha, August 31 (QNA) - HE Chairman of Qatar Chamber, Sheikh Khalifa bin Jassim Al-Thani, has affirmed that Germany is not only a global economic powerhouse but also a highly valued partner of the State of Qatar.

He emphasized the pivotal role of German companies operating in Qatar in supporting the country's path toward industrial development and technological advancement.

This came during the Qatar-German Business Meet, held at the Chamber's headquarters in the presence of CEO of TUV NORD Group, Silvio Conrad, and a number of Qatari business owners and members of the German delegation representing the German Near and Middle East Association (NUMOV).

HE Sheikh Khalifa noted that Qatar is one of the largest investors in Germany, with investments exceeding EUR 25 billion across key sectors such as the automotive industry, telecommunications, hospitality, and banking.

As for the trade volume between the two countries, he said, it exceeded QR 6 billion last year, compared to QR 7.1 billion in 2023, reaffirming the Qatari side's keenness to further advance trade exchanges and strengthen mutual investments with Germany across all sectors.

He stressed that Qatar continues to move forward in building a diversified and sustainable economy rooted in knowledge and innovation, thereby reinforcing its position as a global investment destination in line with Qatar National Vision 2030.

He also underscored the private sector's role as a key driver of this transformation and a vital partner in achieving comprehensive development.

Qatar has become a preferred global investment destination thanks to the directives of HH the Amir Sheikh Tamim bin Hamad Al-Thani, and the government's clear vision to expand the industrial base. This is supported by an enabling legislative framework, advanced infrastructure, designated industrial zones, and a sophisticated transport network, His Excellency underlined.

He further highlighted the promising prospects for cooperation in numerous sectors, including energy and renewable resources, sustainable infrastructure, logistics, education, smart technologies, pharmaceuticals, and others.

For his part, Conrad said that Germany and Qatar are bound by strong and long-term relations. He noted that the Association has many partners across the Middle East, including in Qatar, which opens the door for further cooperation, particularly in the technology sector.

Conrad added that the delegation included a number of leading German companies in IT, AI, telecommunications, energy, and resources. He affirmed that German companies are eager to explore new areas to expand their relations in the region and to strengthen economic ties with the Qatari private sector. (QNA)