The Qatar-Turkey Law and Investment Forum kicked off in Istanbul yesterday. The forum was organised by Al Sulaiti Law Firm and supported by the Qatar Chamber and the Union of Chambers and Commodity Exchanges of Turkey.
Addressing the forum, Qatar Chamber Board Member Dr Mohamed Jawhar al-Mohamed said Qatar and Turkey relations have seen significant development over the past few years, noting that their trade volume scored a 85% growth from QR4.7bn in 2017 to QR8.7bn in 2018.
Dr al-Mohamed stressed that Turkey is a very attractive destination for investment for the Qatari private sector, assuring that Qatari businessmen are looking forward to further enhancing co-operation ties and building commercial partnerships and alliances with their Turkish counterparts, whether in Qatar or in Turkey.
“There are more than 450 Turkish companies operating in the Qatari market with Qatari partners. Turkish companies implemented more than 130 projects amounted to $15bn within the past few years. Also, there are 130 Qatari companies working in Turkey in different sectors,” he noted.
Underscoring the resilience of Qatar economy, he said that it has managed to overcome the repercussions of the siege imposed on the country for more than two years, saying, “According to the World Bank, Qatar economy is expected to grow by 2% in 2019, 3% in 2020 and 3.2% in 2021, driven by higher growth in the service sector as Qatar readies to host the 2022 FIFA World Cup.”
Dr al-Mohamed called upon Turkish companies to benefit from the pro-investment climate in Qatar and from the incentives offered by the government for investors and to get acquainted with business opportunities available in all sectors.
On the sidelines of the forum, Qatar Chamber Board Member Mohamed Jawhar al-Mohamed and director general Saleh al-Sharqi witnessed the signing of two MoUs between the Qatari and Turkish sides.
The first MoU was signed between Al Sulaiti Law Firm and Kilinc Law Consulting.
The second MoU was signed between Khalifa al-Kuwari Law Firm and Khalil Arslan Law Firm.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Industrials equities pace QSE above 11,300; IQ, Qamco touch 52-wk high
Barwa Al Sadd, Al Aqaria Towers offer comprehensive real estate solutions
Private sector recovery to lift Qatar corporate sentiments in H2: S&P
Milaha wins British Safety Council’s 5-star ratings for best practices in HSE
E-commerce in Qatar tops $2.2bn in 2020, says Qatar Chamber report
Doha accelerates efforts to enhance economic openness: Al-Kuwari
Central banks turning slowly in ending pandemic’s easy money era
China’s power crunch is next economic shock beyond Evergrande
Bahrain to hike VAT after Saudi Arabia ‘in bid to curb Gulf’s widest deficit’