21st Arab-German Business Forum in Berlin/Germany
End of June the Arab-German Chamber of Commerce and Industry Ghorfa met with partners in the economy in Berlin. The patronage of the event has been taken over by the Federal Ministry for Economic Affairs and Energy.
The Arab economy is in full swing as the first measures of economic reform are taking effect. While oil prices are stabilizing, most Arab countries are investing not only in large infrastructure projects, but also in technical progress. Diversity and digitally-driven industrialization in building sustainable technologies and knowledge-based economies are a top priority for many governments. Thus, despite many challenges posed by political instability in some countries, the IMF has recently raised its expected growth rate to 3.6%.
With almost 400 million inhabitants, the Arab world is not only an attractive economic and investment market, but also a stable business partner of German companies. The annual trade volume between Germany and the Arab countries, which amounts to over 50 billion euros, demonstrates the high potential of the cooperation. (Source: Ghorfa)