Qatar’s QBA, Turkish Investment Office unite to boost economic ties

Qatar’s QBA, Turkish Investment Office unite to boost economic ties

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The Qatari Businessmen Association (QBA) and the Investment Office of the Presidency of the Republic of Turkey have signed a Memorandum of Understanding (MoU) on the sidelines of the seventh meeting of Qatar Turkey Supreme Strategic Committee, to boost investment, economic and trade relations between the two countries.

The MoU was signed by QBA’s Chairman HE Sheikh Faisal bin Qassim al-Thani and Mr. Burak Daglioglu, the president of Turkey’s presidential investment office, in the presence of His Highness the Amir Sheikh Tamim bin Hamad al-Thani, Emir of Qatar and Turkish President Mr. Recep Tayyip Erdogan.

The agreement indicates two main areas for strengthening economic and trade relations and co-operation in investment issues. The first is to introduce investment projects and potential opportunities, as well as to activate Qatari-Turkish investments and create a healthy business environment aimed at promoting the development of commercial and industrial activities.

The second aspect includes strengthening direct contact between entrepreneurs in both countries, organizing periodic meetings of the council, exchanging visits to present potential joint trade projects’ exchanging experiences, information, and measures related to attracting investors in both countries through investment incentives and promotion mechanisms, and exchanging commercial materials that would boost co-operation and supports joint economic development.

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