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German companies target Gulf market
MUNICH — German Chancellor Gerhard Schroeder’s upcoming visit to seven Arab states has stirred such huge interest by German firms wanting to accompany him that special arrangements were having to be made to accommodate them, the weekly magazine Focus reported.
In its latest issue, the magazine said more than 600 company representatives had applied to travel with the chancellor on his February 27 to March 4 trip.
Usually, the delegation accompanying the chancellor has around 20 places reserved for the German business sector, the magazine said. As a result of the huge demand, arrangements were now being made for flying around 170 managers to certain selected points along the way of Schroeder’s tour. The Berlin leader is to visit Saudi Arabia, Kuwait, Qatar, Bahrain, Yemen, Oman and the United Arab Emirates. His visit comes at a time when German firms are looking to boost their investments in the Middle East and North Africa while also hoping for improvements in the framework conditions offered by countries, according to a top business official.
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