‘Qatar-Turkmenistan Business Forum’ reviews boosting trade and investment cooperation

Wednesday, June 1st, 2022

The State of Qatar and Turkmenistan enjoy close relations in many fields and there is a common desire from both sides towards elevating such relations to higher levels, Qatar Chamber First Vice-Chairman HE Mohamed bin Twar Al-Kuwari said.

This came during  the Qatar-Turkmenistan Business Forum held on Wednesday June 1st via video conferencing.

HE Al-Kuwari also said that the development of relations between both countries is evident through the mutual visits by both countries’ leaders, government officials, and private sector representatives, noting that there are several agreements and MoUs signed by both counties in various fields.

HE indicated that despite these distinguished relations, the two countries’ commercial and economic relations are still below expectations although they own tremendous potential and resources and that they are key players in the global oil and LNG markets.

Underscoring the positive role of the private sector in developing the two countries’ bilateral trade relations, Al-Kuwari stressed that it is possible through forging active partnerships and alliances between Qatari and Turkmen companies.

“The Qatari market is promising and highly welcomes all foreign investors. So, I will take this opportunity to invite Turkmen companies to invest in Qatar and benefit from the abundance of opportunities available in all sectors, especially in light of the presence of world-class infrastructure and attractive economic legislation,” he said, adding that Qatar has become a focus for global investments, especially with the approach of hosting the 2022 FIFA World Cup.

QC First Vice-Chairman also confirmed the Chamber’s interest to encourage Qatari investors to invest in Turkmenistan and explore the investment opportunities available there.

Dovletgeldi Rejepov, Chairman of the Chamber of Commerce and Industry of Turkmenistan, thanked Qatar Chamber for holding this forum, stressing the depth of relations between Qatar and Turkmenistan in a number of fields.

“This forum offers a good opportunity for both sides to explore new aspects for cooperation between the Qatari and Turkmenistan private sector in numerous sectors such as agriculture, energy, technology, food security, and others,” he added.

As for Turkmenistan’s investment climate, Rejepov said his country is a secure and appropriate place for investment, where it offers an advanced infrastructure that attracted more foreign investments to Turkmenistan.

HE pointed out that Turkmenistan Chamber welcomes cooperation with Qatar Chamber and expressed its preparedness to provide all required data and information to Qatari investors who are willing to invest in Turkmenistan.

HE assured that Turkmenistan businessman are interested to export their products to Qatar, especially the agricultural products which are of high quality and at reasonable prices, highlighting his country’s interest to attract Qatari investments in various sectors.

Begli Durdymuradov, Head of the International Department of the Union of Industrialists and Entrepreneurs of Turkmenistan, and Sahra Amanova, Deputy Chairman of the National association «Turkmenlogistika», delivered two presentations about incentives offered by Turkmenistan for attracting investors and about logistics projects and road networks.

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