German delegation explores investment opportunities in Qatar's AI, HealthTech, FinTech, cybersecurity sectors

German Association for SMEs – BVMW GCC Office in Doha has taken a significant step towards enhancing trade co-operation between Germany and Qatar by organising a high-level delegation visit to Doha as part of the Web Summit.
The delegation includes high-ranking Chairmen and CEOs of leading companies and institutes, such as Hasso Plattner Institute, in the fields of artificial intelligence (AI), HealthTech, FinTech, and cybersecurity, led by Dr Sophie Chung, Advisory Board Member for the German Federal Minister for Economic Affairs and Climate Action and Board Member of the German Federal Association of Startups as well as CEO and founder of digital health disruptor, Qunomedical.
The delegation expressed keen interest in investing in the Qatari market and establishing partnerships with Qatari counterparts in these sectors.
During the visit, the delegation met with Sheikh Ali Alwaleed al-Thani, CEO, Investment Promotion Agency Qatar (Invest Qatar), to discuss ways to enhance economic and investment cooperation between the two countries.
The delegation expressed their positivity towards the investment opportunities available in Qatar and their readiness to develop strategic partnerships with Qatari companies and entities.
Chung stated that the visit aims to open channels of communication and co-operation between German companies and Qatari governmental and private entities, as well as to explore investment opportunities in the country.
The delegation held several meetings with various governmental and private entities to discuss potential cooperation and knowledge exchange in advanced technology fields.
German Ambassador to Qatar Lothar Freischlader remarked, “Web Summit Qatar once again showcases, that Qatar has a great relationship with innovation and technology. New developments in the realm of AI and technology are not seen as an obstacle or problem, but rather as an opportunity - and that is what we are experiencing here at this Web Summit."
Freischlader thanked the German Association of SMEs, BVMW GCC Office, for its continuous contribution in introducing German companies to the Qatari market as well as Qatari stakeholders to Germany, and thereby supporting the development of economic cooperation between the two nations.
Sheikh Ali said, "We are pleased to support BVMW in creating new avenues for German SMEs to explore the thriving startup ecosystem in Qatar and connect them to opportunities to pursue their business growth ambitions in Qatar and the region.”
Christian Schwippert, managing director, German Association for SMEs, BVMW GCC Office, also commented on the significance of boosting investment in SMEs, stating that several delegations and accompanying events will be held in the upcoming weeks.
He expressed gratitude for the partnership and support of the Ministry of Commerce and Industry and invest Qatar for its active support.