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INDUSTRIAL NEWS

 

21.01.20

Great number of Turkish companies, including manufacturers and exporters of electric and electronic items, are looking at Doha to make it as their regional hub to serve Qatar as well as other markets in the region, according to a prominent Turkish businessman who is also leading a union of industrial manufactures.

Turkish firms who are manufacturing wires, cables and other goods are exploring opportunities and looking for partners to set up their facilities in Qatar, especially in the rapidly developing free zones and economic zones.

“We are aware that the Qatari government is supporting to the local investors in a big way as part of efforts in establishing economic zones to achieve economic diversification. A number of Turkish companies, including several members of our association, are looking forward for that kind of investment opportunities in Qatar,” Kerem Ozdogan, Executive Board Member of Turkey’s Electrical and Electronics Exporters’ Association (TET), told The Peninsula, recently.

The Qatar-Turkey bilateral economic cooperation has been growing fast and steady; especially after the blockade on Qatar the relations witnessed unprecedented growth. It is expected to continue maintaining the robust growth in 2020 and beyond. Bilateral trade volume between the two friendly countries during first nine months of 2019 reached $ 1,5bn.

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News by Mohammad Shoeb | The Peninsula

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