Qatar, Turkiye trade volume surges 17% year-on-year in 2022; investments in Turkiye valued at $2bn: MoCI

Trade volume between Qatar and Turkiye saw a notable 17% growth to $2.2bn in 2022 and the Qatari market has the active presence of more than over 771 Turkish companies, according to a top official of the Ministry of Commerce and Industry (MoCI).
Qatar holds a prominent position as one of the major investors in Türkiye, with investments valued at up to $2bn. The Qatar Investment Authority is actively involved in numerous substantial projects across Türkiye, Sultan bin Rashid al-Khater, Undersecretary in the MoCI told a panel session at the GCC-Türkiye Economic Forum in Istanbul, which concluded Monday.
Highlighting the "significant" contributions of the Qatari private sector in various investment fields that have had a substantial impact on the Turkish economy; he said these include real estate, contracting, tourism, industry, media, financial services, and healthcare.
On the domestic front, he said Qatar has successfully sustained its balanced economic growth, with the Qatari GDP (gross domestic product) expanding by 2.7% in the first quarter of this year compared with the corresponding period last year.
Inviting investors and encouraging them to leverage the economic and investment environment that Qatar offers for foreign investments; al-Khater emphasised on the incentives and legislations specifically crafted to promote and facilitate foreign investments.
The forum featured several interactive sessions that underscored key economic sectors, encompassing trade, agriculture, food industries, infrastructure, transportation, logistics, tourism, investment, finance, industry, energy, sports, and other pertinent domains.
It is focused on increasing economic co-operation and facilitating trade interactions between the GCC (Gulf Co-operation Council) countries and Türkiye. Additionally, the forum aims to promote exchange between entrepreneurs from the Gulf and Türkiye, creating an environment for the development of investment initiatives that align with the interests of both sides.