Qatar and Turkey … Strong economic partnerships and fruitful cooperation

The Qatari-Turkish relations are witnessing a remarkable development day by day, moving forward in firm and solid strategic steps, based on trust, credibility, mutual respect and common interests.
These ratios are reflected in the economic progress between the state of Qatar and the Republic of Turkey, where the volume of trade exchanges between the two countries has jumped by more than 40 percent over the past five years and reached about 6.9 billion riyals in 2021. , compared to up to about 4.9 billion riyals in 2017, according to data from the Planning Authority and statistics.
HH’s visit by Emir Sheikh Tamim bin Hamad Al Thani to the Republic of Turkey comes as a consolidation of the strong relations between the two countries and the consolidation of fraternal relations on all fronts, and for more coordination in joint files and international issues .
The leaderships of the two countries continue to develop strategic cooperation relations to a wider horizon, based on the progress made during the meeting of the seventh session of the Qatari-Turkish Joint High Strategic Committee, held in Doha last December, and the meeting was chaired by His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the country Messrs., and His Excellency President Recep Tayyip Erdogan, President of the sister republic of Turkey.
Mr. Saleh bin Hamad Al Sharqi, Director General of Qatar Chamber, said that the relations between the state of Qatar and the Republic of Turkey are close and clear, and cover all commercial and economic areas, pointing out that Turkey is a clear tourist and investment destination for Qataris, and Qatar is considered one of the largest foreign investors in Turkey, and Turkey has become one of the most attractive countries for Qatari capital in many sectors, especially tourism and real estate.
In a statement to Qatar News Agency (QNA), the Director-General of the Qatar Chamber reaffirmed the acumen and interest of both the Qatari and Turkish private sectors on the need to strengthen cooperation and establish more economic partnerships and alliances that the economies of the two favored. friendly countries, as the partnership between the private sectors in the two countries contributes. In exchanging experiences, increasing economic diversification away from oil and gas, and opening up wider areas for investment in other foreign markets, as well as increasing trade exchanges between the two countries by attracting both domestic and foreign investors.
Al Sharqi pointed out that there are more than 300 Qatari-Turkish joint ventures in the Qatari market, which are registered with the Qatar Chamber, in addition to 10 Turkish companies with a 100% Turkish capital ownership, and pointed out that there are close relations between the Qatar Chamber and the Federation of Chambers and the Turkish Commodity Exchange. The Turkish Association of Independent Businessmen and Industrialists “MUSIAD” and the Corporation for Exporters of Ferrous and Non-Ferrous Metals. The Chamber also has many delegations of Turkish business owners in recent years to discuss prospects for cooperation with the Qatari side, and to explore opportunities for cooperation between companies from both sides. The Chamber also organized visits Businesses to Turkey, everything resulted in the strengthening of trade and economic cooperation between the two sides.
In turn, Mr. Deniz Istikbal, researcher in the economic research department at the Turkish Political, Economic and Social Research Institute (SITA), said that the economic and trade relations between the state of Qatar and Turkey have experienced great development in the past. several years, adding that the partnership between the two countries in trade and investment overcomes obstacles Before the business sectors, and has prospects for cooperation in various sectors and economic activities.
He pointed out in a statement to Qatar News Agency (QNA) that the financial and energy sectors are the two areas that benefit most from the existing partnership between the two countries, emphasizing that it contributes to the support of other regional relations, in view of the advanced economic co-operation, the increasing political harmony and the congruence of views on many issues.
Mr. Deniz Istikbal explained that Turkish and Qatari companies are benefiting greatly from the agreements between the two countries, saying: “For example, Turkish companies have managed to complete $ 17 billion worth of projects in Qatar, and Qatar has more than $ 5 billion in Turkey., especially in finance and energy. “..and pointed to the currency exchange agreement between the two countries to contribute to financial stability in Turkey.
In turn, dr. Rajab Al-Ismail, professor of economics at the University of Qatar, said: The Qatari-Turkish relations are well-established strategic relations rather than relations of interests, noting that Turkey is an important and crucial country, and has its weight. internationally, and its relations with the State of Qatar stem from joint coordination in many of the regional and international issues and files, and the need of each country for the other, economically and commercially.
Al-Ismail added in a statement to QNA that the economic and trade relations between the two countries are based on complementarity and mutual benefit, as Qatar exports aluminum, liquefied natural gas (LNG), plastic products and other gaseous hydrocarbons to Turkey. (aluminum) with ethylene polymers in their primary forms, while Turkey’s main exports to Qatar are electrical and electronic equipment, furniture, carpets, building materials, jewelry, milk and dairy products, iron and electronic appliances, and wool textiles.
He noted that Turkey is a clear tourist and investment destination for Qataris, pointing out that the two countries have signed very important agreements over the past few years in various areas, which has had a significant impact on fostering cooperation and approach, especially in the field of trade and economic cooperation, which makes Turkey one of the most important partners.He emphasized the importance of reflecting on the strategic relations between the two countries, in the form of alliances and investment partnerships two countries.
He stressed that the Qatari market was still thirsty for foreign investment, and that there were wide opportunities in various economic sectors, and pointed out that Qatar’s proposal to establish a “Turkish Free Economic Zone” in the areas under the supervision of the Qatar Free Zones Authority, which was established in 2018, if this is done, This will be a major turning point in the leading trade relations between the two countries, as the new economic zone is expected to contribute to the increase in Turkish investment in Qatar , the development of industries and services, increasing economic diversification and non-oil revenues.
In the same context, his Excellency Dr. Mustafa Kokso, Ambassador of the Republic of Turkey to the country, praised the excellent relations between the two countries and noted that in the area of ​​relations between leaders 28 summits have been held, from 2014 until now. , between His Highness Sheikh Tamim bin Hamad Al Thani, Emir the country, and his brother, Turkish President Recep Tayyip Erdogan, a record number in the history of relations between the two countries.
In previous statements to Qatar News Agency (QNA), His Excellency indicated that there are more than 711 Turkish companies operating in Qatar, including about 664 companies with Qatari and Turkish capital, 47 companies with 100 percent Turkish capital, and 15 Turkish companies in the free zone, in addition to To more than 183 Qatari companies operating in Turkey.
Qatar also hosts the annual “Expo Turkey in Qatar” exhibition, with the participation of hundreds of Turkish companies wishing to operate in the Qatari market.
Qatari-Turkish relations officially began in 1979, with the opening of the embassies of the two countries in Doha and Ankara, strong and solid at all levels, and its strength was increased by the establishment of the Joint Higher Strategic Committee between Qatar and Turkey in 2014, which Doha hosted its first session in December of the following year, and since its inception held 7 Meetings, drawn between the two countries, has led to the conclusion of more than 80 agreements in various fields.

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