The volume of trade exchange between Qatar and Türkiye reached QAR4.75 billion in 2023, stated Chairman of Qatar Chamber (QC) Khalifa bin Jassim Al-Thani during his participation in a meeting titled ‘Business and Investment Opportunities in Türkiye’.
Al-Thani praised the powerful Qatar-Türkiye relations, emphasizing the commitment of both nations’ leadership to further enhance these ties. He also highlights the chambers’ keenness on fostering cooperation and partnerships between business owners from both sides.
Increased investor interest in Türkiye
Interest among Qatar’s investors has risen recently in exploring the investment opportunities available in Türkiye. Therefore, the Qatar Chamber is keen on supporting and developing means of cooperation and partnership between business owners from both sides.
His Excellency called on Turkish investors to explore investment opportunities in Qatar in key sectors such as energy, tourism, real estate, agriculture, and food, citing Qatar’s attractive investment climate, world-class infrastructure, and progressive legislation.
H.E. Minister of Treasury and Finance of the Republic of Türkiye, Mehmet Simsek, H.E. QBA Chairman Faisal bin Qassem Al-Thani, and H.E. Ambassador of the Republic of Türkiye in Doha, Dr. Mustafa Goksu, attended the meeting.
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Türkiye’s improving economic landscape
Türkiye’s finance minister briefed participants from Qatar on the most important Turkish laws and legislations that concern Qatari investors. He also discussed the best ways to increase opportunities for economic and trade cooperation and improve investment opportunities between the two countries.
Simsek also noted that he expects inflation in Türkiye to decline to less than 10 percent, noting that central bank reserves increased by 95 percent. He also expected the fiscal deficit to decrease within the few coming years.
Simsek highlighted Türkiye’s greater access to global capital markets, explaining that global rating agencies such as Moody’s and Fitch have upgraded Turkey’s rating. He also stressed that Türkiye is currently improving the investment environment to be more attractive to investments.
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