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Sunday, April 30, 2017
Qatar Chamber (QC) hosted on 17 April 2017 a meeting between Qatari businessmen and their Turkish counterparts to explore new opportunities for trade and economic cooperation and to strengthen the existing relations between the private sectors of both countries. In his speech, QC vice chairman Mohamed bin Twar urged businessmen from both countries to set up further partnerships and joint ventures and to explore new areas of cooperation for the benefit of both economies. "Qatar's market welcomes more Turkish investments and I believe Turkey also welcomes more Qatari investments especially in fields of industry and technology which are pillars of economic diversity. There are a plenty of business opportunities in both markets," he said. The two countries' trade volume reached US$700 million in 2016, QC vice chairman said, pointing out that tireless efforts are being exerted by both sides to increase their trade exchange to higher standards to meet both peoples' aspirations. "If we have a quick glance at Qatari-Turkish mutual investments. They are distinct and comprehensive too. Turkey has become one of the most attractive markets for Qatari investors. Qatari investments have exceeded US$1 billion, ranked the second and expected to be the first in the few coming years." On the other hand, there are large Turkish investments in Qatar. There are strong involvement of the Turkish companies in the mega projects implemented for developing the infrastructure and in the World Cup related projects. About 60 Turkish companies working in Qatar and participating in 35 projects with a turnover amounted to about US$14 billion at the end of 2016, he added. For his part, Fatih Kemal EBICLIOGLU, Chairman of Electrical Electronics and Services Exporters' Association, said today's meeting is part of the efforts of the two countries, guided by the directives of their leaders to increase trade exchange. He pointed out that Turkish exports to Qatar in 2016 accounted for only 0.3% of the total exports of US$143 billion, while Turkish imports from Qatar was only 0.14% of Turkey's total imports for the same year, adding that this reflects the strong need to increase trade.
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