Qatar-Turkey trade volume set to touch $5bn - The Peninsula Qatar:
"With the fast growing economic cooperation between Qatar and Turkey, the bilateral trade volume between the two nations is expected to jump by manifold over the next few years. The current level of two-way trade exchange stood at $1.5bn, which is expected to surge by more than three times to touch $5bn within two-three years, business leaders from both side noted yesterday. “Qatari-Turkish relations are witnessing rapid growth, which led the private sector in both countries to seize the opportunity and strengthen cooperation and build trade alliances that paved the way for increasing the volume of trade exchange between the two countries”, Muhammed bin Ahmed bin Towar Al Kuwari, Vice-Chairman of Qatar Chamber told The Peninsula on the sidelines of a meeting with the visiting members of a Turkish trade delegation, yesterday. Al Kuwari added: “Turkey is one of the most industrialised economies in the world exporting nearly $160bn worth of goods to the world. They produce quality products which are exported to all over the world, including Qatar. As we are implementing large number of infrastructure and developmental projects, including those in the oil & gas sector, we need Turkish products, which will further boost the trade relations in future.” Al Kuwari pointed out that the total number of Turkish companies in the Qatari market is 205, of which 186 are joint ventures, and 19 companies with full ownership of the Turkish capital."
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