No risks on investments in Turkey: Qatar envoy
(MENAFN- The Peninsula) Salem Mubarak Al Shafi, Qatari Ambassador to Turkey.
ANKARA: Qatar does not see any economic or political risks against investing in Turkey, despite the failed July 15 coup attempt, the Qatari ambassador in Ankara said.
Qatar was the first country to show its support for Turkey after the foiled military coup and has continued to do so, Qatari Ambassador Salem Mubarak Al Shafi told Anadolu Agency.
Emir H H Sheikh Tamim bin Hamad Al Thani called Turkey";s President Recep Tayyip Erdogan in support of the government after the failed coup attempt.
He added that relations between Qatar and Turkey will be stronger, while trade will continue to develop and, more importantly, will remain unhindered.
'There is a strategic and strong relationship between both countries,” Al Shafi added.
He said Qatar is committed to making further investments in Turkey 'because we see that our economic relations with Turkey is not for the short term but for the long term.”
Qatari and Turkish representatives will hold a meeting to discuss bilateral and regional relations in the near future.
'We will soon announce new investments in Turkey in a few weeks in various fields, including finance and energy,” Al Shafi said.
Qatar and Turkey signed a memorandum of understanding on December 2 for long-term liquefied natural gas (LNG) trade.
Al Shafi said based on their historic trustworthy relations, bilateral trade can be doubled, which in 2014 was around $1.3bn and around $1bn in 2015.
Turkey-Qatar High Strategic Committee";s first meeting in Doha was held on December 2 where both countries signed 15 agreements.
Turkish investments in Qatar are focused mainly in the construction sector and consultancy services.
The total value of projects undertaken by more than 60 Turkish companies, including leading ones, has reached about $13.5bn.Anatolia