Qatar-Turkey trade likely to reach $2bn by year-end

Qatar-Turkey trade likely to reach $2bn by year-end:

Qatar-Turkey trade volume is expected to reach $2bn by the end of 2018, according to ambassador Fikret Ozer, who spoke on the sidelines of the ‘Turkey Festival’ launching at Al Meera Hyatt Plaza held on Wednesday.

Ambassador Fikret Ozer said the volume of trade between Qatar and Turkey stood at $1.3bn from January to August 2018, pointing to the possibility of reaching $2bn by year-end, state-run Qatar News Agency (QNA) reported.

He also said there is a possibility to establish a company specialised in maritime transport between the two countries, which is under study and is scheduled to launch soon as he stressed on the need for such a company. Ozer noted that the volume of contracts awarded to the Turkish companies engaged in contracting works in Qatar is estimated at $15bn.