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Monday, October 25, 2021

More than 1,000 Qatari, Turkish companies exchange business opportunities


Doha and Ankara exhibited trade relations between the two countries in a virtual event on Tuesday.

A total of 1,500 Qatari and Turkish companies explored career opportunities in a webinar hosted by Qatar Chamber (QC) and Union of Chambers and Commodity Exchange of Turkey (TOBB) on Tuesday.

The Qatar-Turkey Business Forum, chaired by QC’s Chairman, Khalifa bin Jassim Al Thani, and TOBB’s Vice President, Selcuk Oztürk, saw the two countries review trade and investment cooperation while also establishing partnerships that support both economies.

The webinar hosted a range of senior officials, including QC’s First Vice Chairman, Mohamed bin Towar Al Kuwar;i QC’s Second Vice Chairman, Rashid bin Hamad Al Athba; Qatar’s Ambassador to Turkey, Salem bin Mubarak Al Shafi; and Turkey’s Ambassador to Qatar Mehmet Mustafa Göksu.

“Qatar is replete with a myriad of promising opportunities for investment in all fields and industries, as well as in tourism and services, especially with the preparations for the host of Qatar World Cup 2022,” said Al Thani.

Göksu pointed out that the Turkish embassy in Doha is ready to help entrepreneurs interested in investing in his country and cooperate with its companies, urging them to reach out to relevant agencies to kickstart the journey.

Read also: Turkey-Qatar trade sees dramatic ten year increase

Bilateral relations between the two countries have significantly developed in recent years.

Qatar’s investments in Turkey stood at $22bn last year, while Turkish investments in Qatar reached $122m. In the first half of this year alone, Turkey ranked in fourth place for Qatari imports, with 179 companies from the Gulf country operating in various fields. 

Moreover, Turkish companies in Qatar are participating in a number of projects related to the FIFA World Cup 2022, such as Al Thumama Stadium, in addition to other projects including Hamad Airport.

“The country has made tireless efforts to develop its infrastructure, issued legislation and laws that enhance the investment environment and provided investment incentives that enhance its position as an investment destination. Qatar offers plenty of opportunities that attract Turkish investors,” said Al Thani. 

Qatar and Turkey’s Joint Strategic Committee, signed in 2014, has contributed to the expansion of cooperation between both countries, encouraging investors in both countries to support a variety of sectors.

According to Talal Ahmad Al Mahmoud, Strategy Analyst at Qatar Investment Promotion Agency, Qatar is expected to remain strong and stable during the next year, while the country’s GDP is expected to grow by 5 percent in 2021.

Relations between Doha and Ankara have been growing especially following the 2017 blockade in Qatar, when Turkey was a lifeline to the country by filling the Gulf country’s shelves with Turkish goods, sending its army, and cooperating with Doha in different sectors.

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