Qatar and Turkey partnership takes a major step as Qatar Financial Centre Authority (QFCA) and Turkey’s Investment and Finance Office of the Presidency (IFOTP) sign a strategic agreement. The deal aims to boost trade, investment, and economic cooperation between the two nations.
The Memorandum of Understanding (MoU) was signed in Doha, Qatar. QFC CEO Yousuf Mohamed Al-Jaida and IFOTP President Ahmet Burak Dağlıoğlu led the ceremony. The agreement shows both countries’ commitment to sustainable business growth and cross-border investment.
Under the MoU, QFC and IFOTP will exchange economic and investment data to support informed business decisions. They will also organize joint activities, including business forums, seminars, exhibitions, and high-level visits. These initiatives aim to raise awareness of opportunities in both markets.
Yousuf Mohamed Al-Jaida said the Qatar and Turkey partnership demonstrates Qatar’s goal to expand international collaboration. He stressed that Turkey is a strategic partner, and the MoU opens new pathways for trade, investment, and innovation.
Ahmet Burak Dağlıoğlu called the agreement a milestone for economic ties. He noted that since 2002, Qatari foreign direct investment in Turkey reached $3.5 billion. Total FDI stock stood at $7 billion by the end of 2024.
The MoU also streamlines market access for businesses from both countries. Companies can now establish operations more easily and expand their networks. Experts predict the initiatives will boost investor confidence and support long-term partnerships.
Furthermore, the agreement reflects regional efforts to enhance economic cooperation and diversification. Qatar continues positioning itself as a global business hub. Meanwhile, Turkey leverages foreign investments to strengthen economic growth and innovation.
Looking ahead, QFC and IFOTP will implement joint projects and monitor progress through regular consultations. Business leaders expect the partnership to foster innovation, improve trade flows, and create opportunities in finance, technology, and infrastructure.
Overall, the Qatar and Turkey partnership signals a strong commitment to bilateral economic development. By combining strategic planning, investment facilitation, and collaborative initiatives, both nations aim to grow their business ecosystems and achieve sustained growth.
