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 sa 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.