Gulf state looking to spend US$200m on tanks from Krauss-Maffei Wegmann, says paper
Qatar wants to buy up to 200 Leopard tanks from Germany, with a potential value of up to
€2bn (US$2.5bn), German magazine Spiegel reported on Sunday, without citing sources.
The German security council, comprised of the Chancellor and key ministers, which decides whether to allow such trades, has not yet discussed Qatar's request, Spiegel said, adding the economy ministry and the Chancellery would give their support.
A spokeswoman for the economy ministry declined to comment.
The tanks are made by Krauss-Maffei Wegmann (KMW) in collaboration with German industrial group Rheinmetall .
Reports last month that Saudi Arabia wanted to buy 600 to 800 tanks boosted Rheinmetall's share price.For all the latest industry news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.