CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

Qatar, Turkey review trade relations

Published: 26 Oct 2021 - 08:21 am | Last Updated: 27 Oct 2021 - 06:48 pm
Minister of Commerce and Industry H E Sheikh Mohammed bin Hamad bin Qassim Al Abdullah Al Thani during a meeting with President of the Investment Office of the Presidency of the Republic of Turkey, H E Ahmet Burak Daglioglu, and the accompanying delegatio

Minister of Commerce and Industry H E Sheikh Mohammed bin Hamad bin Qassim Al Abdullah Al Thani during a meeting with President of the Investment Office of the Presidency of the Republic of Turkey, H E Ahmet Burak Daglioglu, and the accompanying delegatio

The Peninsula

Doha: Minister of Commerce and Industry, H E Sheikh Mohammed bin Hamad bin Qassim Al Abdullah Al Thani, met yesterday with President of the Investment Office of the Presidency of the Republic of Turkey, Head of the Investment Office of the Presidency of the Republic of Turkey H E Ahmet Burak Daglioglu, and the accompanying delegation currently visiting the country. 

During the meeting, officials reviewed the bilateral relations between the two countries and discussed aspects of joint cooperation, especially in the trade, industrial, and investment fields, as well as ways to enhance and develop them.

During the meeting, H E the Minister of Commerce and Industry highlighted the economic policies Qatar had put in place to support the private sector and attract foreign investments, especially the incentives, legislation, and investment opportunities made available in Qatar.

Trade and investment ties between Qatar and Turkey have witnessed significant growth. The volume of trade exchange between the two countries amounted to about $1bn  from January to August 2021. Moreover, the number of Turkish companies operating in Qatar amounted to about 675 companies, including 38 companies wholly owned by the Turkish side and 636 companies established in partnership between the Qatari and Turkish sides, in addition to one Turkish company licensed under the Qatar Financial Centre.