(MENAFN- The Peninsula) The Peninsula
Doha: The Undersecretary of the Ministry of Commerce and Industry H E Sultan bin Rashid Al Khater met with Minister President of Lower Saxony in the Federal Republic of Germany H E Stephan Weil as part of Qatar's participation in the Hannover Messe International Industrial Fair 2022.
During the meeting, the officials discussed prospects for joint cooperation at all levels and ways to develop them. The two sides touched on the cooperation between Qatar and Germany, especially the state of Lower Saxony, in the commercial, industrial, and investment fields. They discussed ways to take additional steps to enhance and develop economic cooperation between both sides' private sectors, to serve the common interests of the two nations.
During the meeting, Al Khater highlighted the successful economic policies Qatar has put in place to support the private sector, and pointed out the incentives, legislations, and promising opportunities available in Qatar that are aimed at encouraging German investors, businessmen, and business owners to invest in Qatar.
Qatar and Germany have close economic and trade relations that have been positively reflected on the volume of trade exchange between the two countries.
The volume of trade exchange between Qatar and Germany amounted to around $3.152bn in 2021, and Germany ranks as Qatar's tenth trading partner. Moreover, Qatar is home to about 323 German companies operating in various economic fields.
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