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Turkish export to Qatar up by over fourfold

Business Materials 31 October 2017 11:32 (UTC +04:00)

Baku, Azerbaijan, Oct. 31

By Rufiz Hafizoglu – Trend:

Turkey’s export to Qatar increased by 29 percent in nine months of 2017 as compared to the same period of 2016 and amounted to $382 million, says a message of the Turkish Aegean Exporters’ Association (EIB) published on Oct. 31.

Mainly, food products were exported to Qatar, says the message.

Total volume of export to Qatar may reach $400 million until the end of 2017.

It should be noted that the volume of Turkish investments in Qatar reaches $14.2 billion. Turkish companies are involved in implementation of about 130 projects in the country, including the construction of subway in Doha. This project’s cost is $4.4 billion.

Trade turnover between Qatar and Turkey amounted to $692 million in 2016.

It should be reminded that Egypt, Saudi Arabia, Bahrain and the UAE announced about breaking their diplomatic relations with Qatar June 5, accusing Doha of supporting terrorist organizations and destabilizing the situation in the Middle East.

Later, the authorities of Libya, Yemen, the Maldives and Mauritius also announced about severing diplomatic relations with Qatar.

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Follow the author on Twitter: @rhafizoglu

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