(MENAFN- The Peninsula)
Senior officials from the Qatar Financial Centre (QFC) Authority, one of the world's leading and fastest growing financial centres, successfully concluded panel discussions, face-to-face consultations and networking events with professionals from German corporations and private companies in Berlin and Munich as part of the QFC Germany Roadshow 2017.
The visit to Germany comes as part of a number of roadshows planned by the QFC during 2017 that will see them visit major financial capitals across Europe, Asia and North America.
The roadshow also provided attendees with an opportunity to network with some of the MENA region's most influential decision-makers, including Ghorfa, AHK, Manateq and R?dl & Partner. Attending companies also had the opportunity to receive one-to-one consultation sessions with QFC's leading experts.
Relations between Germany and Qatar have continued to strengthen over the past few years with Germany emerging as the 12th largest trading partner for Qatar with 2.4 percent of the total value of trade exchange.
Trade exchange between the two countries reached QR9.5bn in 2016 and German companies in Qatar are playing an important role in cementing the two countries' economic relations. Currently, there are 27 companies fully owned by Germans operating in Qatar with a total capital of QR1.3bn in addition to 112 companies in partnership with Qataris working with a total capital of QR1.1bn. These companies are operating in the fields of railway development, trading, contracting, services, communication, infrastructure and more.
The event was attended by Sheikh Saoud bin Abdulrahman Al Thani, Ambassador of the State of Qatar to the Federal Republic of Germany. Commenting following the event, he stated: 'I am pleased to have been part of this event and to support the Qatar Financial Centre in its outreach programme to promote Qatar as the ideal location to do business in the Middle East. We are well aware of the importance Qatar-Germany relations, which we believe such events help to further foster."
QFC Authority's Chief Executive Officer, Yousuf Mohamed Al Jaida spoke on the importance of such initiatives in QFC's mission to help fulfil the economic development goals of the Qatar National Vision 2030 stating: "Our mission is, and has always been, to drive economic development and diversification by providing a world-class commercial, legal and regulatory environment to local and international firms alike. Our vision to transform Doha into a leading global and financial capital can only be fulfilled by attracting the biggest companies from the world's strongest economies, and that is exactly what our roadshows aim to do.
Speaking on the importance of the relations between the two countries, Abdulaziz Al-Mikhlafi, Secretary General at the Arab-German Chamber of Commerce and Industry stated: 'We are confident that the QFC Germany Roadshow will further contribute to grow and strengthen Qatar-German economic relations. We look forward to collaborating again with the QFC to host events that aim to foster economic ties."
The QFC Germany Roadshow is one of many initiatives that seek to strengthen and further develop bilateral and economic relations between the two countries, and discuss opportunities to expand in the Middle East through the unrivalled QFC platform.
It comes as part of the entity's underlying mission to diversify Qatar's economy and transform the nation into a leading business and financial hub in line with the Qatar National Vision 2030.
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