Qatar and Turkey keep enhancing bilateral relations with trade and investment

29/04/21

The Qatar Chamber of Commerce & Industry (QCCI) and the Independent Industrialists & Businessmen Association (MUSIAD) from the Republic of Turkey met very recently to review the business ties between the two countries.

The meeting emphasized the investment opportunities and possibilities in Qatar and Turkey. Also, the delegations referred to the advancement and enhancement of the relations based on mutual understanding.

According to the QCCI, the trade exchange between the two countries increased by one hundred percent from QAR 3.3 billion (USD 900 million) to QAR 7.0 billion (USD 1.9 billion) in 2020.

The QCCI pointed out the incentives for foreign investors in a wide range of sectors including energy, industrial, distribution, information technology, natural resources, agriculture, healthcare, education, sports, culture and tourism in State of Qatar.

It was noted that many Turkish companies operate in joint ventures in the State of Qatar in sectors including trading, contracting, services and hospitality.

Conversely, Qatari investors have been introduced to large projects in the Republic of Turkey. These include the Istanbul Canal project and the industrial zones of the country. The country boasts a very strategic location with connectivity to a variety of markets and a strong industrial base as well as a young and urban population.

The two countries also discussed the field of agriculture and mores specifically the opportunity to establish a food product factory in the State of Qatar. The project would be jointly financed or funded and the products would be sold nationally and regionally.

Business Start Up Qatar is working with the most relevant stakeholders in the two countries to raise awareness of opportunities in Qatar and Turkey. Please click on the link and reach out to learn and reach out to learn more about the initiatives and Business Start Up Qatar.

Other News

BSUQ News 56 - Thumb

Invest Qatar partners with Deloitte to launch digital skills report

Invest Qatar in collaboration with Deloitte has launched a joint report titled ‘Qatar's Digital Frontier: Mapping the Future of Skills.’

The comprehensive study delves into the [significance of...

Read more
BSUQ News 55 - Thumb

Qatars Government prioritising environment and biodiversity

Qatars government has introduced several environmental initiatives to preserve the ecosystem, recyle water and enhance biodiversity.

Such initiatives are nature based solutions (Nbs) and focus heavily...

Read more
BSUQ News 54 - Thumb

Qatar welcomes over 2 million visitors in first quarter 2024

Qatars Ministry of Tourism announced the State attracted over 2 million tourists in the first four months of 2024 during the recent Qatar Economic Forum.

The impressive figures were revealed during...

Read more
BSUQ News 53 - Thumb

Qatar continues to focus on economic diversification

Qatar is successfully progressing with its economic diversification plans by targetting four key sectors, namely logistics, Information and Communications Technology (ICT), manufacturing and tourism.

The...

Read more
BSUQ News 52 - Thumb

Qatar's New Real Estate Law Boosts Investment Climate

Qatar's real estate sector is undergoing a transformative phase with the recent issuance of Law No. 5 of 2024 related to real estate registration.

This landmark legislation aims to regulate the sector...

Read more
BSUQ News 51 - Thumb

Qatar Foundation funds over 4,800 projects since 2007

Qatar Foundation (QF) has been leading Qatar’s efforts to diversify the economy and transform the nation into a knowledge based society.

Across the fields of IT, energy, environment and healthcare,...

Read more
BSUQ News 50 - Thumb

Qatar focused on developing the healthcare sector

Qatar`s healthcare sector is expected to increase at a compound annual growth rate (CAGR) of 5.2 percent by 2028 according to data by Fitch Solutions.

Analysts predict such figures based on recently...

Read more
BSUQ News 49 - Thumb

Qatar's gateway for global talent: The Mustaqel Visa

Qatar is set to revolutionise its labour market with the launch of the Mustaqel Visa, a groundbreaking five-year renewable residency permit designed for international entrepreneurs, exceptional talents...

Read more

Page Break