Qatar to invest in Turkey’s automotive industry

Business Materials 18 January 2018 10:43 (UTC +04:00)

Baku, Azerbaijan, Jan. 18

By Rufiz Hafizoglu – Trend:

Qatar will invest in the development of automotive industry in Turkey, said Sheikh Khalifa Bin Jassim Bin Mohammed Al-Thani, chairman of Qatar Chamber of Commerce & Industry, the Qatari media reported Jan. 18.

Investments in the production of a new Turkish domestic car will be made through the mediation of one of private Qatari companies.

On Nov. 2 last year, Turkish President Recep Tayyip Erdogan announced the names of companies that will take part in manufacturing of domestic cars. He noted that those companies are Anadolu Grubu, BMC, Kiraca Holding, Turkcell and Zorlu Holding.

Erdogan said that starting from 2021, Turkey will start exporting domestically made cars to neighboring countries.

The president added that it is also planned to create a special commission which will supervise the domestic production of cars.

Turkey ranks sixth in Europe in car production. Models of Ford, FIAT, Renault, Toyota, Honda, Opel, Hyundai, Mercedes-Benz and MAN are currently assembled in Turkey.

Moreover, Turkey manufactures local brands of buses, such as BMC, Temsa and Otokar.


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