The Qatari Businessmen Association (QBA) has signed a memorandum of understanding (MoU) with a German delegation from the German Near and Middle East Association (NUMOV) to discuss and promote investment opportunities in both countries.
The agreement was signed during a meeting between representatives of both organizations and is focused on enhancing cooperation in trade, industry, investment, and technical collaboration.
The QBA-NUMOV MoU outlines a joint commitment to identify and present investment opportunities in both countries to affiliated businesses and private sector partners.
During the meeting, QBA Chairman Sheikh Faisal bin Qassim Al Thani emphasized the importance of cooperating with Germany as a trusted and strategic partner for Qatar. He noted that German companies have played a vital role in supporting Qatar’s industrial development and technological modernization.
Sheikh Faisal also pointed out that the Qatari private sector holds various investments in Germany across sectors such as tourism, retail, and technology. He further noted that QBA members have established several partnerships with German companies in the local market across diverse productive economic sectors.
He added that there are promising opportunities for Qatari German cooperation in numerous sectors, including renewable energy, sustainable infrastructure, logistics, education, smart technologies, pharmaceuticals, and more.
For his part, German Ambassador to Qatar, Hans Udo Muzel stressed the strong economic relations between Doha and Berlin, highlighting the significant role of trade and investment.
The Ambassador noted that “Qatar is Germany’s third-largest trading partner in the Gulf region and that Qatar—through the Qatar Investment Authority and private investors—holds significant stakes in major German companies such as Volkswagen, RWE, Deutsche Bank, and CureVac, among others.”
German Near and Middle East Association (NUMOV)
Founded in 1934, the NUMOV is Germany’s oldest and leading organization dedicated to promoting economic relations between Germany and the countries of the Near and Middle East.
NUMOV acts as a strategic platform for dialogue, networking, and cooperation across a wide range of sectors, including energy, infrastructure, technology, and trade. With a membership comprising leading German corporations, SMEs, and public institutions, NUMOV facilitates bilateral business engagement, market entry, and policy discussions.
