11 Jan 2021 - 8:24
File photo used for representation only.
Sachin Kumar/ The Peninsula
The close relations between Qatar and Turkey have resulted in strong Foreign Direct Investment (FDI) flows between the two brotherly countries.
The FDI inflows from Qatar to Turkey reached $2.7bn as of April 2020. The total value of Qatari FDI stock in Turkey was $22bn as of December 2019, according to ‘Qatar-Turkey Bilateral Trade & FDI Report’, compiled jointly by the Presidency of the Republic of Turkey Investment Office and the Investment Promotion Agency Qatar.
The FDI inflows from Qatar to Turkey in 2019 were $570m, which was the highest in the last decade. Since 2011, there has been $29m of FDI inflows from Turkey to Qatar. Between 2013 to 2017, the value of Turkish FDI stock in Qatar was $363m.
Exponential growth in exports to Qatar from Turkey
20 Dec 2020 - 8:35
Sachin Kumar/ The Peninsula
The strengthening relations between Qatar and Turkey have resulted in exponential growth in trade volumes between the two countries. The value of exports to Qatar from Turkey has increased to $1.1bn as of third quarter (Q3) of 2020, from $255m in 2013, according to data from Turkish Statistical Institute – TurkStat.
Exports from Turkey to Qatar have grown substantially over the past few years, mainly driven by the efforts of the Supreme Strategic Committee and due to the unjust siege imposed the blockading countries.
The trade volume between Qatar and Turkey as of third quarter of this year was $1.4bn. It is significantly larger than the trade volume of $643m between the countries in 2013, according to ‘Qatar-Turkey Bilateral Trade & FDI Report’, compiled jointly by the Presidency of the Republic of Turkey Investment Office and the Investment Promotion Agency Qatar.
Qatar investment in Turkey hits $22bn in 2019
Turkey’s Ambassador to Qatar Dr Mehmet Mustafa Goksu, 26 November 2020 [QNAEnglish/Twitter] December 15, 2020 at 12:30 pm
Qatar s Investment Promotion Agency (IPA) and the Presidency of the Republic of Turkey Investment Office recently co-hosted a virtual seminar on the occasion of the 6th Qatar-Turkey Supreme Strategic Committee and the 1st anniversary of the two organisations collaboration.
According to
the Peninsula, the seminar highlighted the key achievements of their partnership and celebrated the launch of the first joint report on Qatar and Turkey s bilateral investment relations, entitled
Qatar & Turkey: Unlocking sustainable investment opportunities across the economic spectrum .
Qatari investments in Turkey reach $22bn
15 Dec 2020 - 9:06
Officials participating in the virtual event.
The Peninsula
On the occasion of the 6th Qatar-Turkey Supreme Strategic Committee and the 1st anniversary of their partnership, the Investment Promotion Agency Qatar (IPA Qatar) and the Presidency of the Republic of Turkey Investment Office (Invest in Türkiye) recently co-hosted a virtual seminar.
The seminar highlighted the key milestones of their collaboration and celebrated the launch of the first joint report on Qatar and Turkey’s bilateral investment relations titled ‘Qatar & Turkey: Unlocking sustainable investment opportunities across the economic spectrum’.
The trade between Qatar and Turkey continues to strengthen, having increased by 2.5 times between 2013 and 2019. Qatar has shown a continued commitment to investing in Turkey, with the value of Qatari investments in Turkey standing at $22bn in 2019.