Turkey’s minister of development speaks at Qatari, Turkish business meeting

Turkey's minister of development speaks at Qatari
Turkey's minister of development speaks at Qatari
0Comments

Turkey’s minister of development, Lutfi
Elvan, recently spoke at a joint meeting between Qatari and Turkish businessmen, which was hosted by the Qatar Chamber of Commerce and Industry (QCCI).

Elvan praised the
ties between the two countries, saying that the Commercial Bank of Qatar’s
acquisition of Turkey’s Alternatifbank shows the
confidence of Qatari businessmen in the Turkish economy.

 

Elvan commended Qatar for opening a tourism office in
Turkey, speaking about how this decision will help boost tourism between the
two countries. He noted that Istanbul is a favorite destination for Qatari tourists.

 
Furthermore, Elvan spoke about trade between Qatar and Turkey,
quoting the trade exchange between two countries at $1.3 billion.

 
“The growth rate in Turkey reached
5 percent in 2015 percent, and will range between 4.5 and 5 percent in the
current year,” he said. “Turkish
economy is built on strong and solid foundations. Factories continue production
and investment companies have not been affected by the recent incident.”

 

In attendance at the meeting was Qatar
Chamber Vice-Chairman Mohamed bin Tawar.

 

“Last year, Turkish companies
managed to get projects worth $2.5 billion in Qatar, he said, adding that in
the coming year, Qatar would be spending nearly $150 billion on infrastructure
projects and Fifa World Cup, which could give Turkish companies a great
opportunity to participate in these projects,” Tawar said.



Related

Hana Al Rostamani Chief Executive Officer First Abu Dhabi Bank (FAB)

Fitch Ratings affirms AA- credit rating and stable outlook for First Abu Dhabi Bank

Fitch Ratings has reaffirmed First Abu Dhabi Bank’s AA- credit rating with a stable outlook. The agency cited strong capitalisation, robust liquidity ratios, and systemic importance within both Abu Dhabi and the wider UAE banking sector.

Engineer Hamad Al Ameri

TA’ZIZ and Alpha Dhabi announce $10 billion chemicals investment agreement in Abu Dhabi

TA’ZIZ and Alpha Dhabi Holding have signed a major agreement targeting $10 billion investment for chemical production expansion in Abu Dhabi. The deal aims to boost local industry under UAE’s national strategy while reducing reliance on imports.

Sultan Ahmed Al Jaber Minister of Industry and Advanced Technology & UAE Special Envoy for Climate  Group MD & CEO of ADNOC and Chairman of Masdar Abu Dhabi National Oil Company (ADNOC)

TA’ZIZ and Alpha Dhabi agree to $10 billion investment in UAE chemicals sector

TA’ZIZ and Alpha Dhabi Holding have signed a $10 billion agreement aimed at expanding chemical production in Abu Dhabi’s Al Ruwais Industrial City. The partnership targets up to 14 new chemicals focused on meeting domestic demand while supporting national industry initiatives.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Gulf News Journal.