Qatari investments in Turkiye set to further expand


Qatar is in an excellent position to be a hub for international trade, connecting the GCC countries, the Middle East, Turkey and Europe for the easy flow of goods, particularly commodities, according to Qatar’s Chairman Basar Arioglu -Turkiye Business Council and Member of Foreign Economic Relations Board of Turkiye – DEIK and President of Turkiye-Qatar Business Council.


Ba?ar Ar?o?lu with the media team from Qatar

At a meeting with a number of Qatari journalists who recently visited Istanbul as part of a trip organized by the Turkish Embassy in Doha, Arioglu stressed that Qatar strictly adheres to high standards for the raw materials needed for building and construction, and the approval of such materials varies Passes through phases of quality and accreditation checks. He said the volume of trade exchanges between Qatar and Turkiye was US$1.1 billion in 2021 and is expected to grow to over US$5 billion by 2025 on the Doha Metro, especially the golden line.


Istinye Park Shopping Mall, Istanbul

“It was a highly efficient project in terms of the set budget as Qatar Rail had made a correct and accurate assumption about the required funds and costs and all works were completed according to the set schedule, which is rare for projects of this type in different countries around the world occurs. “
He said that alongside the GCC rail link project, which would link Qatar to Saudi Arabia, Kuwait and Iraq and could go all the way to Turkiye and connect Doha, there is strong potential for closer cooperation with Qatar on future metro development enter Europe and the Middle East and China. He stressed that if this project goes ahead as planned, it would offer international trade better options than ship shipments and avoid the associated problems, costs and possible delays due to the geopolitical upheavals.
“In this regard, as a Business Council, we focus on developing economic relations in specific business sectors: energy, tourism, urbanization, technology and health, as well as partnerships in third countries, mainly African countries,” he stressed that companies from both Qatar and Turkiye are located are in an excellent position to have very successful joint ventures in other countries, particularly in Africa.
He added that the Turkiye-Qatar Business Council has 55 active members in different sectors who work to constantly contribute to the Turkish-Qatar business activities and develop the excellent and deep-rooted good relations between the two countries. He said that a large number of Turkish companies have opened branches in Qatar and operate through them to facilitate cooperation between the businessmen of both countries
Meanwhile, the Qatari journalist team visited Istinye Park Shopping Mall, a luxury and high-end shopping complex 30% owned by Qatar Investment Authority (QIA) and managed by Istinye Yonetim Hizmetleri AS. It was built on an area of ​​272,000 m² on the hills of Istinye and opened in 2007. It has 291 stores housing some of the best international luxury brands and has been 100% occupied since opening, and due to high demand, potential new tenants are on the waiting list at this elite Istanbul shopping destination.





Source link

Also Read :  ADS Advance - IATA releases August passenger and cargo data