Turkey eyes further investments in Qatar ahead of 2022 World Cup

Published April 23rd, 2017 - 10:35 GMT
There are about 60 Turkish companies working in Qatar, participating in 35 projects with a turnover of about $14 billion at the end of 2016. (AFP/ Marwan Naamani)
There are about 60 Turkish companies working in Qatar, participating in 35 projects with a turnover of about $14 billion at the end of 2016. (AFP/ Marwan Naamani)
The trade volume between Qatar and Turkey is expected to grow 10-15 percent this year. The trade between the two country reached $700m in 2016 said Fikret Ozer, Ambassador of Turkey to Qatar.
 
 
“In the last few years, the trade between the two countries have grown in the range of 10-15 percent. We expect the trade between both the countries to grow in the same rate this year,” said the Ambassador talking to The Peninsula on the sidelines the meeting of Qatar Chamber with a business delegation from Turkey. “Companies in both sides can explore opportunities in construction sector,” he added.
 
Qatar Chamber organised a meeting with Turkish Electrical Electronics Industry delegation at The Sheraton Hotel to further boost the trade between the two countries.
 
“Qatari-Turkish mutual investments are distinct and comprehensive. Turkey has become one of the most attractive markets for Qatari investors. Qatari investments have exceeded $1bn, ranked the second biggest and expected to be the first in the few coming years,” said Mohamed bin Twar, Vice Chairman of Qatar Chamber addressing the delegation.
 
“There are large Turkish investments in Qatar. There are strong involvement of the Turkish companies in the mega projects implemented for developing the infrastructure and in the World Cup related projects,” he added.
 
 
There are about 60 Turkish companies working in Qatar, participating in 35 projects with a turnover of about $14bn at the end of 2016.
 
“Qatar Chamber welcomes and urges Turkish and Qatari businessmen to set up further partnerships and joint ventures and to explore new areas of cooperation for the benefit of both economies,” said bin Twar.
 
“Qatar’s market welcomes more Turkish investments and I believe Turkey also welcomes more Qatari investments especially in fields of industry and technology which are pillars of economic diversity.
 
There are plenty of business opportunities in both markets,” added the Vice-Chairman.
 
He said Qatar and Turkey enjoy strategic and integrated relations based on shared visions towards Arab, regional and international issues. This has made a positive impact on the volume of their trade exchange and the fruitful economic cooperation between the two countries,”
 
“We appreciate the Turkish economic experiment which is a very unique example to all ambitious countries. Qatari-Turkish relations are so distinct and can serve as a model for other countries,” said bin Twar.
 
“The two countries’  trade volume reached $700m in 2016. Tireless efforts are being exerted by both sides to increase their trade exchange to higher standards to meet both countries’ aspirations,” he added.
 
By Sachin Kumar 
 

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