Qatar and Turkey`s bilateral trade and investment keeps growing

24/12/20

The relationship between Qatar and Turkey has been going from strength to strength in recent years. Today, the areas of collaboration and cooperation between the two countries span a wide range of sectors.

The Investment Promotion Agency Qatar (IPA Qatar) and the Presidency of the Republic of Turkey Investment Office (Invest in Türkiye) recently co-hosted a virtual seminar on the occasion of the 6th Qatar-Turkey Supreme Strategic Committee.

The attendees included Turkish and Qatari multi-national corporations, small/medium sized enterprises and start-ups. The event featured testimonials from representatives of Doğuş Group, Yapı Merkezi, Qatar National Bank and Commercial Bank, Qatar.

IPA Qatar and Invest in Türkiye presented the first joint report on Qatar and Turkey’s bilateral investment relations titled: ‘Qatar & Turkey: Unlocking sustainable investment opportunities across the economic spectrum’.

The report compiled by Invest in Türkiye and the IPA Qatar includes an overview of investment landscapes in Turkey and Qatar with opportunities and possibilities in the countries.

Further, it was highlighted that the recent signing of 10 new agreements between the two nations – of which seven were in the economic sector – is bringing the total number of signed agreements to 62.

It should be noted that bilateral trade and investment between Qatar and Turkey continues to strengthen, having increased 250% between 2013 and 2019. Qatar is the second largest investor in Turkey and has shown a continued commitment to further investment and development.

The value of Qatari investments in Turkey currently totals QAR 80 billion (USD 22 billion). On the other side, over 675 Turkish companies are operating in Qatar and this number continues to see an upward trend.

Qatar offers foreign investors opportunities and possibilities in a wide range of sectors, including energy, industrial, distribution, information technology, natural resources, agriculture, healthcare, education, sports, culture and tourism.

Turkey 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.

Business Start Up Qatar is working with IPA Qatar and Invest in Türkiye to raise awareness of the possibilities and opportunities in Qatar and Turkey. Please click on the link and reach out to learn more about the initiatives and Business Start Up Qatar.

Other News

BSUQ News 25 - Thumb

QFTH hosts demo day for first wave and unveils second wave

Qatar FinTech Hub (QFTH) has announced that demo day for the first wave of its incubator and accelerator programmes will take place virtually on the 18th of January, 2021. The initiative is supported by...

Read more
BSUQ News 24 - Thumb

MOTC highlights role of new technologies

The Ministry of Transport & Communication (MOTC) is contributing to a vibrant information and communications technology (ICT) sector in the State of Qatar.

The most recent virtual forum with the title...

Read more
BSUQ News 22 - Thumb

Qatar Chamber expects a year of economic recovery in 2021

Qatar Chamber's Research and Studies Department expects 2021 to be a year of recovery for Qatar's economy (from the impact of Covid-19) with an increase in the GDP of 2.2% compared to a decrease of 2.6%...

Read more
BSUQ News 21 - Thumb

Normalisation of relations to help Qatar’s non-oil economy

The normalisation of the relations between the State of Qatar and the neighbours in the region following the signing of the Al-Ula Declaration at the 41st session of the Supreme Council of the Co-operation...

Read more
BSUQ News 21 - Thumb

QFC contributes 1% to Qatar’s gross domestic product

The Qatar Financial Centre (QFC) contributes 1% of Qatar’s gross domestic product according to the release of a report titled ‘The Economic Impact of Qatar Financial Centre’.

The report measures...

Read more
BSUQ News 20 - Thumb

Qatar invests in youth development and empowerment

In line with the Qatar National Vision 2030 the country focuses on youth development and empowerment through entrepreneurship and many other...

Read more
BSUQ News 19 - Thumb

Qatar passes (new) laws to improve the ease of doing business

The State of Qatar has advanced and enhanced the legal framework in the past year with the aim and intention to simplify the processes, policies and procedures, to be more attractive for foreign investors...

Read more
BSUQ News 18 - Thumb

Qatar`s ICT adoption second in the Arab world

Qatar has one of the world`s highest internet adoption rates and ranks among top countries in terms of acceptance of information and communications technologies (ICT). The government has invested substantially...

Read more

Page Break