(MENAFN- The Peninsula) lalin fernandopulle |
The Peninsula Online
Doha: Trust and reliability are two major reasons why German companies prefer Qatar to establish operations and expand the foot-print in the state, Kemroc Germany Managing Director and German Excavation Technology WLL (GET) Managing Partner Klaus Ertmer told The Peninsula.
He was addressing a gathering during a familiarisation tour to the Kemroc and GET factories last week.
He said Kemroc and GET were able to get the right people, compromise and work together to build their businesses in Qatar which has been very supportive from the inception in providing land and offering facilities.
“We value good partnerships and mutual trust that have been a driving force for our enterprises in Qatar which brought the world together in hosting a spectacular sporting event last year,” Ertmer said adding that the state has made vast strides in development since stepping foot in the Arab state for the first time in 1997.
Currently around 80 German companies are in to various sectors of business in Qatar ranging from automotives, manufacturing, construction, energy and leisure.
Kemroc with over 20 years in experience is an innovative German engineering entity developing revolutionary excavator attachments focused on product development, quality engineering and reliability.
“Currently over 1,000 units are running and we hope to see the pre world cup momentum regaining,” Ertmer said adding the company is geared to provide an unmatched quality service through its excavation and cutting technology.
German Business Council Qatar (GBCQ) Chairman Henning Zimmermann said the Qatar-German trade and investment relations have been firm and will be further strong following the world cup impetus.
He said German companies spread across diverse sectors such as manufacturing, automotives, energy and construction are progressing well in Qatar.
However he said the GBCQ would like to see more German companies in Qatar which is a fast expanding economy in the world.
The GBCQ will comprise a new board shortly following the AGM scheduled for January 31 after which the Council expects to set up pillars
of working groups on vertical markets such as automotives, energy, construction, logistics and manufacturing according to Zimmermann.
The volume of trade between Qatar and Germany grew by around 80 percent in 2021 to reach over $3bn.
German companies played a pivotal role during the preparations for the World Cup constructing around 50 percent of the stadium roofs. Besides German companies contributed to infrastructure projects related to the FIFA World Cup.
Qatar and Germany have struck several economic agreements and memorandums of understanding in the fields of industry, trade, health, culture, sports, archaeology, solar energy, civil aviation and air transport, and the agreement to establish a joint committee for commercial, economic and technical cooperation, which has organized many sessions over the past years.
The Kemroc factory in Doha.
Germany is ranked the fourth largest economy in the world and it is also the largest market in the European Union. The German economy is focused on industrial products and services, and the German machinery, cars and chemical products have a distinguished global reputation.
The GBCQ was founded in 2005 in Doha with the objective to promote and assist business relations between Germany and Qatar, as well as other international business communities, by forming a platform where business representatives of both countries can meet and exchange views and ideas.
The visit also marked the hosting of the German Business Council in Qatar by GET an established German Qatari partnership between 'KEMROC Spezialmaschinen GmbH' and 'Lotus Trading & Contracting W.L.L' the same day.
Founded in 2006, originally to supply to the Qatari and GCC construction markets exclusively, GET prided itself in being KEMROC's first regional dealer, that since the launch of its production facility in 2016 became KEMROC's primary OEM supplier as well.
KEMROC designs develops revolutionary, productive and reliable excavator-mounted cutting attachments, offering smart solutions for applications where conventional methods are either too costly or inadequate.
The event was attended by Chancellor Jörg Fürstenau representing the Embassy of the Federal Republic of Germany to Qatar, board members of the GBCQ and guests from the German Industry and Commerce Office (AHK Qatar), Qatar Free Zone Authority, Invest Qatar, and the local press.
Founded in 2006, originally to supply to the Qatari and GCC construction markets exclusively, GET prided itself in being KEMROC's first regional dealer, that since the launch of its production facility in 2016 became KEMROC's primary OEM supplier as well.