10
Sep

Qatar wants to invest EUR 10 billion in Germany.

Emir Qatar Sheikh Tamim ibn Hamad Al-Sani announced on Friday in Berlin that his country wants to invest 10 billion euros in Germany within five years. Qatar is looking for ways to break the isolation policy pursued against him by Saudi Arabia.

Qatar expects to invest $ 10 billion in the German economy over the next five years – said the Qatari leader during the opening ceremony in Berlin, the economic forum of Qatar-Germany, in which Chancellor Angela Merkel took part.

These investments are to be concentrated in the automotive, technology and banking sectors, which are the traditional pillars of the German economy.

Qatar is already one of the most important shareholders of the German stock exchange through the participation of its capital in such prestigious groups as Siemens, Volkswagen and Deutsche Bank.

On June 5, 2017, United Arab Emirates, Saudi Arabia, Bahrain and Egypt broke relations with Qatar, accusing it of supporting terrorist movements, rapprochement with Iran and undermining stability in the region.

Germany is the main European economic partner of Qatar after the USA and China. The exchange value between the two countries after 2011 has doubled and increased to EUR 2.8 billion despite a slight fall in 2017 due to the diplomatic crisis in the Gulf.

Angela Merkel also confirmed that Germany is planning to launch the first liquid natural gas terminal, whose Qatar is the world’s leading exporter.

Germany, along with Turkey, as emphasized by AFP, are despite the political turmoil in the Persian Gulf, the privileged talker of Qatari in Europe, and the relations between the two countries are getting better and better.

Sheik Tamim ibn Hamad Al-Sani in the middle of August has already announced investments of 15 billion dollars in Turkey, which should contribute to strengthening the Turkish currency, weakened as a result of the crisis in relations with the US and mutual economic sanctions.

It is another great example of attempts to combine the interests of EU countries with countries from outside the Europe. The countries of the European Union are an increasingly attractive investment market for the rich countries of the Far East. More and more foreign entrepreneurs come to Europe , start their businesses , open bank accounts and sometimes they even settle here permanently.

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