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shd@sigma-capital.com

23-04-2025

Qatar Chamber Discusses Mutual Investments with German State of North Rhine-westphalia

Source: MIST

(QNA)-


Qatar Chamber hosted a high-level German trade delegation on Wednesday, led by HE Minister-President of the State of North Rhine-Westphalia, Hendrik Wust.

The Chamber organized a joint business meeting between the German delegation and several prominent Qatari businessmen, marking the first event to be held at the Chamber's new headquarters in Lusail City.

The meeting explored avenues to strengthen bilateral cooperation and discussed the investment climate in both Qatar and North Rhine-Westphalia, highlighting promising investment opportunities.

Discussions also underscored the pivotal role of the private sector in advancing trade and economic relations between the two sides.

Key sectors identified for potential cooperation included information technology, energy, shipping, sports, petrochemicals, ports, engineering, pumping systems, semiconductor solutions, and polymer materials.

In his remarks, HE Chairman of Qatar Chamber Sheikh Khalifa bin Jassim Al-Thani emphasized that the meeting aimed to explore new avenues for expanding bilateral trade and economic cooperation, particularly through the private sector, given its vital role in both Qatar and Germany.

He noted that the trade volume between the two countries reached $6 billion in 2024, with Qatari imports from Germany amounting to $5.1 billion and exports to Germany reaching approximately $900 million.

"Germany is a key destination for Qatari investments across various sectors, including the automotive industry, telecommunications, financial services, and real estate," he added.

He noted that hundreds of German companies are currently operating in Qatar across key sectors, either through full ownership or in partnership with Qatari businesses.

His Excellency further stated that the State of Qatar has proactively

accelerated its transition toward a diversified and knowledge-based economy.

HE the QC Chairman invited investors from North Rhine-Westphalia and across Germany to explore the wide array of business opportunities available in Qatar. He emphasized that Qatar is among the world's fastest-growing and most promising markets, offering vast opportunities in sectors such as renewable energy, education, real estate, tourism, high technology, sports, security, and healthcare.

For his part, HE Minister-President of the German state of North Rhine-Westphalia, Hendrik Wust, praised the strong relations between Qatar and Germany, noting that Qatar has become a regional hub for business, media, and sports. He also lauded Qatar National Vision 2030, particularly its focus on two key pillars: sustainability and economic diversification.

HE Wust emphasized that North Rhine-Westphalia is a leading industrial region in Germany, home to a wide array of major industries. He noted that the region is undergoing a significant transformation-from coal and steel to artificial intelligence and advanced technology-creating vast opportunities for cooperation with the Qatari private sector.

He further highlighted Qatar's strategic geographic location as a gateway to Asia, while North Rhine-Westphalia serves as a vital access point to Western Europe, stressing the importance of fostering cooperation between them in a range of fields, including tourism, logistics, scientific exchange, and more.

During the meeting, Felix Neugart, CEO of NRW Global Business, delivered a presentation on the investment landscape and opportunities in North Rhine-Westphalia. He highlighted that the state is Germany's most economically and industrially robust region, home to many of the country's largest corporations and a thriving startup ecosystem.

Market HighLights

EGX30

Indices

NameLastChCh%
EGX30 31,640.22 796.04 %2.58
EGX100 12,607.04 182.81 %1.47
EGX70E 9,227.49 115.38 %1.27
EGX30C 39,462.63 974.76 %2.53

Market Breadth ***

Advancing : Declining    2.48 : 1

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Declining6626%
Unchanged166%
Total246
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Volume (Mn)1451113029030
*** Equities only, OPR not Include, OTC included

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Sector NameT/O (EGP Mn) Mkt %
Real Estate and Hotels1,042.3626.43
Financial Services & Electronic Payments838.9321.27
Industrial, Construction and Materials418.5210.61
Food and Beverage355.659.02
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Banks245.346.22
Consumer Discretionary242.776.16
Other147.443.74
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Transportation, Shipping and Logistics55.671.41
Technology, Media and Telecom34.040.86
Education14.740.37
Energy12.860.33