16/03/2010

Qatar And VW To 'Intensify Cooperation'

The Emirate of Qatar, the Volkswagen Group, Porsche Automobil Holding SE and the State of Lower Saxony wish to strengthen their cooperation, particularly in the fields of research, development and education.

This was agreed on the occasion of a visit to Qatar, when the Crown Prince and Personal Representative of the Emir, His Highness Sheik Tamim bin Hamad bin Khalifa Al Thani, received a delegation of representatives from the Supervisory Board and Board of Management of Volkswagen AG and Porsche Automobil Holding SE and from the State of Lower Saxony.

The delegation included Prof Dr Ferdinand K. Piëch, Dr Wolfgang Porsche, Prof Dr Martin Winterkorn and Prime Minister Christian Wulff, and was accompanied by the German Ambassador Dr Dirk Baumgartner.

Topics discussed included possible research cooperation into new materials, energy production and storage, fuel economy optimization in engines, and the medium-term openings for establishing a vehicle materials test laboratory.

Furthermore, all the parties expressed an interest in cooperation with the Qatar Foundation regarding vocational training and further study courses at Qatar University and the AutoUni in Wolfsburg.

Prime Minister Christian Wulff welcomed the talks, saying these were an important foundation for success-oriented cooperation of benefit to all.

Apart from the audience with the Crown Prince of Qatar, the delegation of six also met with the Prime Minister of Qatar, Sheik Hamad bin Jassim bin Jabor Al Thani. All attending this meeting reaffirmed their intention to set up a long-term strategic partnership in various fields.

Qatar Holding LLC is one of Volkswagen AG’s major shareholders alongside the State of Lower Saxony and Porsche SE. The shareholding is the Emirate’s largest single investment to date.

(PR)

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