The Qatari Businessmen Association meets the German Vice Chancellor and receives more than 100 guests in FBQ Museum.

19 Mar 2022 Sheikh Faisal bin Qassim Museum

QBA Members attended

The Qatari Businessmen Association meets the German Vice-Chancellor and receives more than 100 guests in FBQ Museum.

  • Robert Habeck: We aim at strengthening economic relations with Qatar
  • Sheikh Faisal: Qatari and German companies are investing in Doha and Berlin, and we aim at developing cooperation
  • Al-Fardan: We welcome German investments in Doha, which provides the best investment climate in the region
  • Fischbach: The delegation includes major German companies, and we seek to discuss joint investment opportunities
  • 11.2 billion, the volume of trade exchange between the two countries in 2021

German Vice Chancellor and Federal Minister for Economic Affairs and Climate Action, Dr. Robert Habeck, revealed on Saturday evening that his visit to Qatar heading a high-level economic delegation aims at strengthening the economic relations between the two countries and exploring new opportunities in both Doha and Berlin. This came during a business dinner organized by the Qatari Businessmen Association in Sheikh Faisal Bin Qassim Museum and attended by more than 100 guests from the business community in both countries.
From QBA, the meeting was headed by Sheikh Faisal bin Qassim Al Thani, and attended by Mr. Hussein Al Fardan, QBA first Deputy, in addition to HE Sheikh Hamad bin Jabor Al Thani. From QBA Board Mr. Sherida Al Kaabi and Mr. Saud Al Mana attended, while from QBA members, Mr. Khalid Al-Mannai, Mr. Abdul Salam Issa Abu Issa, Mr. Yousef Al Mahmoud, Mr. Haider Mashhadi, Sheikh Khalid bin Nawaf Al Thani, Sheikh Jabor bin Hamad Al Thani and Mrs. Sarah Abdullah, Deputy GM also attended the meeting.

The strong bilateral relations
Sheikh Faisal bin Qassim, QBA Chairman, described the visit of the German Vice-Chancellor and Minister of Economic affairs & Climate Action HE Robert Habeck and his accompanying delegation at FBQ Museum, as a distinguished and important step towards strengthening the relations between the two countries. He also added “we have been honored today by the visit of the German Vice Chancellor and the Qatari businessmen as well as more than 60 representatives of German companies, confirming the depth of the relationship between the two countries, which provide great investment opportunities”
Sheikh Faisal also praised the investments of German companies in Qatar, which contributed to the success of a number of Qatar World Cup projects, as well as Qatar Vision 2030, in addition to the success of the investments of a number of Qatari companies in Germany in various fields.
For his part, Mr. Hussein Ibrahim Al-Fardan, QBA first Deputy, stressed out during the dinner that was organized by QBA in honor of the German delegation, that QBA is working to link economic relations with delegations and major companies that visit Qatar and translate this into real investments, and called on German companies to invest in Qatar, as Qatari law offers significant incentives to foreign investor, including full ownership of banks. He also pointed out that the world is changing, and Qatar is also changing and offering privileges and proper investment climate for all international companies accompanied by a package of legislation, a sophisticated infrastructure as well as a strong logistical structure.
As for HE Dr. Claudius Fischbach, Ambassador of the Federal Republic of Germany to Qatar, he expressed his happiness with this visit and for meeting QBA members, where the German delegation, which includes major German companies active in the sectors of energy, technology, industry and finance, discussed joint investment opportunities, given the great potential offered by Doha and Berlin.
Visiting FBQ museum
The German vice chancellor and Minister of Economy praised Sheikh Faisal bin Qassim Museum in Al Shahaniya, where he visited all the sections that immortalize an entire history, from the sections of cars to the gallery of the Noble Qur’an and coins, and a large group of unique and unusual artifacts from more than 4 continents. This collection contains pieces from the Jurassic period until the early Islamic era and to the present day.

Bilateral Trade
The volume of bilateral trade between Qatar and Germany amounted to 11.2 billion riyals in 2021, up from 6.4 billion in 2020, according to the Planning and Statistics Authority. This qualitative increase is due to the increase in the volume of Qatari exports from 500 million riyals to more than 5 billion Qatari riyals. Most of the Qatari imports are cars and aircraft spare parts, while liquefied gas is the backbone of Qatari exports.