Times are challenging but Arab-German business relations are deeply rooted, stable and full of opportunities. While the Covid-19 pandemic and the resulting sharp fall in oil prices placed the entire Arab world under unprecedented challenges, opportunity still remain.
Much has been said about the world changing as a result of the crisis and we will also see many alterations in the business and economic structure of the entire Middle East. These adjustments will also create business opportunities and Germany has traditionally been a trusted partner of the region.
With more than 400 million inhabitants, half of which are under the age of 25, Arab countries not only invest in large industry and infrastructure projects, but also in future-proof technology and knowledge-based economies. Germany actively and constructively supports this task both with its massive private sector and through governmental support.
There is a growing understanding that only cooperation and joint growth will create a secure and stable framework which is much needed by the economies of both regions. German companies avail from an excellent reputation in the Arab world and play a valuable role in supporting the development of sustainable economies in the region.
In recent years, numerous examples of true partnership between Germany and the Arab world have emerged. While there may be tendencies of a much more inward-looking economic policy in certain countries, leading international institutions and economists agree that open economies must be the way forward.
To exchange information, discuss perspectives, and strengthen Arab-German cooperation, the Ghorfa Arab-German Chamber of Commerce and Industry, together with high-profile partners, hosted the
23rd Arab-German Business Forum
from October 26th-28th, 2020
at the Ritz Carlton Berlin.
The partner country of the forum was the Kingdom of Saudi Arabia.
The event was held under the patronage of the German Federal Minister for Economic Affairs and Energy, H.E. Peter Altmaier, who inaugurated the forum with a keynote speech, together with H.E. Mohammed bin Abdullah Al Jadaan, Minister of Finance of Saudi Arabia.
High-ranking panelists addressed the challenges the pandemic has brought about and discussed how economic cooperation can overcome them.
We look forward to welcoming you to the 24th Arab-German Business Forum in Berlin next year.