Doha – Qatar Chamber and the German Office of Industry and Trade signed a Memorandum of Understanding (MoU) to enhance cooperation between them on the sidelines of a meeting held at QC headquarters on Wednesday.

During the meeting, Qatar Chamber gave a presentation on how to establish business in Qatar, the most important incentives and advantages to invest here as well as the most promising economic sectors.

In a speech, Qatar Chamber Vice Chairman Mohamed bin Ahmed bin Tawar called on the Qatari and German companies to explore investment opportunities available in both countries and to enter into effective partnerships that would serve economies of the two countries.

He said there are dozens of German companies operating in Qatar in the sector of road and transport development, trade and services and infrastructure, urging German companies to increase their business in Qatar and to partner with their Qatari counterparts.

He underlined the ‘excellent’ political and economic relations ties between the State of Qatar and the Republic of Germany, noting in this context that the two countries have celebrated four years ago 40 years of the establishment of bilateral relations.

For his part, Representative of German Industry and Trade, Felix Nugart, described the relations between the two countries as ‘strong,’ referring in this regard to the volume of bilateral trade between which has increased by 18% during 2015-2016.

He stressed that there are many sectors in both countries in which the two sides can cooperate and take advantage of promising investment opportunities such as education, technology and industry. (QNA)

Source: Qatar News Agency