Baku, Azerbaijan, Oct. 17
By Rufiz Hafizoglu – Trend:
Qatar intends to make additional investments in the Turkish economy, Qatar’s media reported Oct. 17.
Qatar plans to additionally invest $19 billion in various sectors of the Turkish economy in 2018. In particular, Qatar’s Hassad Food company expressed its intention to invest $650 million in the Turkish agriculture, including the livestock sector.
At present, Hassad Food company is negotiating with the Turkish Ministry of Food, Agriculture and Livestock. To date, the total amount of Qatar's investments in the Turkish economy is $18 billion.
Meanwhile, 121 Qatar’s companies with a total capital of 5 billion Turkish lira have been operating in Turkey in January-August 2017. At present, Qatar ranks 19th among the countries that have made direct investments in Turkey. The trade turnover between the two countries amounted to $634 million in January-August 2017.
According to the Turkish Central Bank, foreign investments in the Turkish economy increased by 50.1 percent in January-June 2017 and amounted to $4.108 billion compared to the same period of 2016.
During the reporting period, Qatar's direct investments in Turkey amounted to $541 million. Around 68 percent of direct foreign investments in the Turkish economy accounts for the European countries. Spain ranks first among European countries that have made direct investments in the Turkish economy.
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