H.E. Emir Sheikh Tamim bin Hamad Al Thani will today meet the Chancellor of the friendly Federal Republic of Germany, H.E. Olaf Scholz, who will arrive in Doha for an official visit to the State of Qatar.
His Highness the Amir and HE the German Chancellor will discuss bilateral relations between the two friendly countries and ways to promote and strengthen them in various fields, as well as the most important regional and international issues of common interest.
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, as well as the will of the leaders of the two countries to develop and advance bilateral cooperation and the partnership between the two countries for new horizons in various fields, so as to serve the common interests of the two friendly countries.
Qatar and Germany have a strong and deep-rooted friendship and partnership based on mutual trust and common interests. These relations span decades of political, economic, trade and investment cooperation, and there is ongoing dialogue and consultation between the two sides on policy coordination regarding regional issues as well as hot international issues. .
The two countries are bound by several economic agreements and memorandums of understanding, including the Agreement on the Mutual Promotion and Protection of Investments, agreements in the fields of industry, trade, health, culture, sports, archaeology, solar energy, civil and aerial aviation. transport, and the agreement on the creation of a joint trade, economic and technical cooperation committee, which has held numerous sessions in recent years.
It is expected that the relations between the two countries will see broader prospects in the coming period, especially in light of the agreements and memoranda of understanding signed between the two countries and the momentum that is building. is reflected in the high-level visits between Doha and Berlin, the most recent of which is the working visit of His Highness the Amir to Germany on May 20, 2022. During this visit, the two sides discussed relations between the two friendly countries and the means to strengthen them at all levels, including in the fields of education, economy, investment, energy and defence.
During His Highness the Amir’s visit to the Federal Republic of Germany in May, the two countries signed a joint declaration of intent to strengthen joint cooperation in the field of energy. This agreement is based on the fruitful and continuous dialogue between Qatar and Germany, and is expected to develop further into an energy partnership by establishing commercial relations in the field of liquefied natural gas that serves the interests of both countries and achieves their ambitions. in terms of climate. stock.
This partnership should promote the diversification of Germany’s energy supply through LNG imports from Qatar, while facilitating bilateral cooperation in the fields of hydrogen and renewable energies.
The energy partnership between Qatar and Germany will support 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 approximately 25 billion euros. These investments include vital projects in the automotive, information technology and banking sectors. The pace of these investments has accelerated, especially following the historic visit of His Highness 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. Trade volume between Qatar and Germany increased by 8% in 2021, reaching over $3 billion. The number of German companies contributing to the development of the Qatari economy exceeds 330 companies working in vital areas such as energy, construction, services, railway development and trade, in addition to the participation of German companies in infrastructure projects, as well as in projects for the FIFA World Cup Qatar 2022.
Qatar holds stakes in the most important German commercial and banking groups, as well as Qatar is the main shareholder of the giant Volkswagen Group, with a stake of 9 billion dollars. The State of Qatar, based on its National Vision 2030, has endeavored to provide the right investment climate, through a series of laws and legislations that attract investment, as well as the political and social stability that enjoy the country.
Thanks to its strategic geographical location as a commercial transit gateway, Qatar has a major link between East and West, in addition to its advanced digital infrastructure which ensures the smooth flow of trade and capital for investors. international. Qatar’s major commercial port and airlines connect it to major cities and global trade routes.