Ambassador Ahmet Demirok’s Interview Regarding The Economic Relationship Between Turkey And Qatar Has Been Published In “al Sharq”
"Al Sharq NewspaperMonday 14 December 2015
Qatari – Turkish relations witnessing remarkable growth and prosperity
H.E Ahmet Demirok confirmed that the economic relations are not indifferent to the dynamic growth of our relations in all fields. I am glad to say that our economic ties are getting stronger each day. Of course, the brotherly relations between Turkey and Qatar motivate the two nations to deepen their business and trade relations.
Bilateral trade volume of two countries reached 1 billion 310 million US Dollars in 2014. The exports of Turkey to Qatar was 344 million US Dollars and imports of Turkey from Qatar was 965 million US Dollars. Yet, this does not reflect the true potentials of our countries. There is still room to advance our trade relations. We believe that the exports of Turkey to Qatar will further increase as construction projects in Qatar accelerates.
Investment is of greater significance given the notable growth and dynamism demonstrated by the two countries. In particular, I can say that Turkish construction companies constitute the driving force of Turkish investments to Qatar and I am proud to see Turkish construction companies going from strength to strength in Qatar. They assumed 119 projects so far, which corresponds to 15.1 billion US dollars. Among these projects, Museum of Islamic Arts, New Doha International Airport, Qatar National Convention Center, Salwa Road, North Road, Ras Laffan to Mesaieed Gas Pipeline project and Qatargas Onshore Facilities are the most prominent ones.
Regarding investment opportunities in Turkey, the numbers speak for themselves. With a GDP exceeding 800 billion dollars, and a total trade volume of more than 400 billion dollars, Turkey is the the 17th largest economy in the world and 6th in Europe.
Today, Turkey’s dynamic economy, large internal market, competitive industry and skilled labour force offer numerous opportunities for foreign investors. Turkey has a comparative advantage, thanks to the profound economic reforms materialized during the last decade. The whole legal system has been changed in a liberal manner so that foreign investors can come and invest in Turkey without any hesitation.
Hence, Turkey, with its updated, modernized and simple legal basis for foreign investors offers ample opportunities for Qatari businessmen. Qatar has already invested in several projects in Turkey, primarily in the real estate, banking and media sectors. We expect to see more Qatari investment in Turkey.
Briefly, I take this opportunity to call again Qatari investors and businessmen to benefit from the investment opportunities in Turkey particularly in profitable areas like agriculture, energy, tourism and industry."