Qatar Chamber (QC) signed a Memorandum of Understanding (MoU) with the Turkish Korfez Chamber of Commerce aimed at increasing cooperation and establishing economic partnerships between the two sides, especially in construction and contracting, health, education and tourism sectors.
The MoU was signed during a meeting held at Qatar Chamber’s headquarters in the presence of a number of Qatari businessmen and their counterparts from the Turkish Korfez region along with representatives of 19 Turkish companies seeking trade alliances in Qatar.
In a speech, QC Vice- Chairman Mohammed bin Ahmed bin Towar, said Qatar Chamber is keen to enhance cooperation between businessmen in the two countries, referring in this regard to the various bilateral MoUs signed with the Union of Chambers and Commodity Exchanges of Turkey and Istanbul Chamber as well as meetings with Turkish Trade Delegations.
He pointed out that the Qatari-Turkish economic relations have witnessed rapid growth in recent years at various levels, noting that Qatar’s investments in Turkey, amounting to USD 20 billion, are second in terms of volume In this context, bin Towar urged the private sector in both countries to take advantage of such a development to increase the volume of bilateral trade .
For her part, Sibble Morali, President of Korfez Chamber of Commerce, stressed keenness of Korfez’ s businessmen to explore the investment climate in Qatar, adding that a delegation representing 19 companies from various sectors is accompanying her during this visit to discuss means of entering the Qatari market and enhancing cooperation with Qatar Chamber.
The meeting included a presentation on the “Establishment of Business in the State of Qatar”, which shed light on the Qatari economy, investment incentives and legislation to stimulate foreign investment.
Qatar’s major import products from Turkey are electrical appliances, dairy products, medical instruments, furniture and furnishings, iron and steel products and organic and inorganic products. Qatar’s most important export items to Turkey include gas, oil, gas hydrocarbons as well as ethylene polymers in their primary forms.