Qatar, German Bilateral Trade Soars to More than $2.3 Billion in 2019

Qatar, German Bilateral Trade Soars to More than $2.3 Billion in 2019

Qatari-German trade ties have gained considerable momentum in recent times, Minister of Commerce and Industry HE Ali bin Ahmed Al Kuwari has said.

More than $2.311 billion worth of goods exchanged in 2019, ranking Germany as Qatar's 11th largest trade partner, he added while addressing a webinar on Qatar's business and investment environment on Tuesday.

The event was organised by Qatar Embassy in Berlin in cooperation with the German Near and Middle East Association (NUMOV).

The minister said a total of 332 German companies were currently operating in Qatar, including 270 Qatari-German companies, 46 fully-owned German companies and two German representative offices, in addition to 14 companies licensed under the umbrella of Qatar Financial Centre.

The minister said these companies were contributing to the implementation of several major projects in the infrastructure sector such