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Tribune News Network
Doha
Turkish companies invested more than $15 billion in Qatar through 130 projects in the past few years, Qatar Chamber Board Member Dr Mohamed Jawhar al Mohamed said while addressing a forum held in Istanbul recently.
Turkey is an attractive investment destination for Qatari businesses as well he added, noting that Qatari businessmen were looking forward to further enhancing ties with their Turkish counterparts.
Economic relations between the two countries have seen significant development over the past few years, he said.
Bilateral trade grew 85 percent to QR8.7 billion in 2018 from QR 4.7 billion in 2017, the QC official pointed out, while addressing the Qatar-Turkey Law and Investment Forum held in Turkey’s capital city on Thursday.
Besides, Dr Mohamed, QC Director-General Saleh bin Hamad al Sharqi also participated in the forum organised by Al Sulaiti Law Firm in cooperation with Kilinc Law Consulting. It was supported by Qatar Chamber and Union of Chambers and Commodity Exchanges of Turkey.
Vice President of Turkish Union of Chambers and Commodity Exchanges Ayhan Zeytino?lu also attended the forum.
Hailing the strengthening Qatar-Turkish bonhomie, QC’s Dr Mohamed said, “There are more than 450 Turkish companies operating in the Qatari market with Qatari partners.”
Underscoring the resilience of Qatar economy, he said the country has managed to overcome the repercussions of the unjust siege imposed on by some of its neighbours for more than two years now.
“According to the World Bank, Qatar economy is expected to grow by 2 percent in 2019, 3 percent in 2020 and 3.2 percent in 2021. The growth will be driven by increased activities in the service sector as Qatar readies to host the 2022 FIFA World Cup.”
Dr Mohamed said the measures taken by Qatar such as developing legislation governing the business environment, including the law on non-Qatari capital investment in economic activity and free zones law, contributed to strengthening the competitiveness of Qatar economy.
Qatar has adopted flexible economic policies and offered a multitude of incentives to attract domestic and foreign investments, he said.
It has established an advanced infrastructure, economies and logistic zones and industrial lands and provided facilitations to stimulate foreign companies to enter into the Qatari market, he added.
Dr Mohamed called upon Turkish companies to take advantage of the pro-investment climate in Qatar and of the incentives offered by the government for investors.
“Qatar market welcomes Turkish companies. Qatari businessmen are eager to build economic alliances with their Turkish counterparts,” he added.
On the sidelines of the forum, Dr Mohamed and QC Director-General Saleh Hamad al Sharqi witnessed the signing of two MoUs — the first between Al Sulaiti Law Firm and Kilinc Law Consulting and the second between Khalifa Al Kuwari Law Firm and Khalil Arslan Law Firm.
Doha
Turkish companies invested more than $15 billion in Qatar through 130 projects in the past few years, Qatar Chamber Board Member Dr Mohamed Jawhar al Mohamed said while addressing a forum held in Istanbul recently.
Turkey is an attractive investment destination for Qatari businesses as well he added, noting that Qatari businessmen were looking forward to further enhancing ties with their Turkish counterparts.
Economic relations between the two countries have seen significant development over the past few years, he said.
Bilateral trade grew 85 percent to QR8.7 billion in 2018 from QR 4.7 billion in 2017, the QC official pointed out, while addressing the Qatar-Turkey Law and Investment Forum held in Turkey’s capital city on Thursday.
Besides, Dr Mohamed, QC Director-General Saleh bin Hamad al Sharqi also participated in the forum organised by Al Sulaiti Law Firm in cooperation with Kilinc Law Consulting. It was supported by Qatar Chamber and Union of Chambers and Commodity Exchanges of Turkey.
Vice President of Turkish Union of Chambers and Commodity Exchanges Ayhan Zeytino?lu also attended the forum.
Hailing the strengthening Qatar-Turkish bonhomie, QC’s Dr Mohamed said, “There are more than 450 Turkish companies operating in the Qatari market with Qatari partners.”
Underscoring the resilience of Qatar economy, he said the country has managed to overcome the repercussions of the unjust siege imposed on by some of its neighbours for more than two years now.
“According to the World Bank, Qatar economy is expected to grow by 2 percent in 2019, 3 percent in 2020 and 3.2 percent in 2021. The growth will be driven by increased activities in the service sector as Qatar readies to host the 2022 FIFA World Cup.”
Dr Mohamed said the measures taken by Qatar such as developing legislation governing the business environment, including the law on non-Qatari capital investment in economic activity and free zones law, contributed to strengthening the competitiveness of Qatar economy.
Qatar has adopted flexible economic policies and offered a multitude of incentives to attract domestic and foreign investments, he said.
It has established an advanced infrastructure, economies and logistic zones and industrial lands and provided facilitations to stimulate foreign companies to enter into the Qatari market, he added.
Dr Mohamed called upon Turkish companies to take advantage of the pro-investment climate in Qatar and of the incentives offered by the government for investors.
“Qatar market welcomes Turkish companies. Qatari businessmen are eager to build economic alliances with their Turkish counterparts,” he added.
On the sidelines of the forum, Dr Mohamed and QC Director-General Saleh Hamad al Sharqi witnessed the signing of two MoUs — the first between Al Sulaiti Law Firm and Kilinc Law Consulting and the second between Khalifa Al Kuwari Law Firm and Khalil Arslan Law Firm.
