Boulatt: Turkey-Qatar trade up 53 times aim for $5B
Turkey and Qatar continue to strengthen their economic and military ties, with trade between them increasing by 5,300% over 21 years, reaching $2.5 billion in 2022. They aim to raise this to $5 billion through the new Partnership Agreement. Turkish contracting companies have participated in this cooperation, executing 206 projects in Qatar valued at $21 billion, and over 1,100 Turkish companies are active in various sectors within Qatar. The Turkish minister explained that Qatari investments in Turkey amount to $7.8 billion, and approximately 50,000 tourists from both countries visit annually. He also emphasized that Turkey is working to develop alternative trade routes to the Strait of Hormuz due to regional tensions and to strengthen cooperation in transportation and logistics between the two nations. Furthermore, he mentioned that the relationship between Turkey and Qatar has become akin to a "alliance," with ongoing strategic meetings aimed at enhancing cooperation across all fields.
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