(MENAFN- The Peninsula) The Peninsula
DOHA: Qatar Chamber (QC), the country's oldest and largest private industry representative body, has expressed its keen interest to enhance trade cooperation with the German side through exchanging visits, encouraging alliances between the Qatari and German companies, said a top official of QC at the second session of the Qatar and Germany Forum for Business and Investment in Berlin, yesterday.
Sheikh Khalifa bin Jassim bin Mohammed Al Thani, Chairman of QC, during a meeting with German counterparts, said that Qatari and German companies are exploring investment opportunities available in both countries to enable businessmen from both sides to establish joint ventures either in Qatar or in Germany. In this regard, there are currently about 200 Qatari-German companies operating in various economic and trade sectors in Qatar.
He noted that Germany is one of the most important partners for Qatar. There are also many German companies working in 2022 World Cup projects in Qatar.
Commenting on Qatar's experience in the field of small and medium enterprises (SMEs), and their percentage of the national economy, Sheikh Khalifa highlighted that Qatar is paying great attention to the non-oil sectors, in general, and to the small and medium enterprises, in particular, in accordance with the economic diversification policies aiming at achieving Qatar National Vision 2030. This has contributed to the growth of the non-oil sectors' contribution in the gross domestic product at current price to 67 percent in 2017 compared to 44 percent only in 2013, thereby indicating the private sector's role in economic development driven by supportive government initiatives.
The SMEs, despite the great interest of the government and its various agencies in developing them, still have a modest contribution of approximately 15 percent in the economy, but there is a great deal of effort being exerted to develop them. There are several Qatari organisations support small, medium and micro enterprises. Qatar Chamber, for example, plays a major role in this area by helping young entrepreneurs start their projects in various sectors.
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