Qatar Chamber Explores Investment Opportunities in Kocaeli

Doha, September 26 (QNA) - Qatar Chamber held a meeting on Wednesday with a delegation from the Kocaeli Chamber of Industry, chaired by Deputy Chairman of Kocaeli Chamber Hussein Jazar. The Turkish delegation reviewed a number of promising investment areas for Qatari businessmen. The two sides also discussed ways of building partnerships between them in a number of trade and economic fields. First Deputy Chairman of Qatar Chamber Mohamed bin Ahmed bin Twar said that the rapid growth of commercial activities between Qatar and Turkey has opened the door to the private sector in the two countries to increase cooperation and establish trade partnerships that have paved the way for increasing the volume of trade exchange between the two countries. He pointed out that the past period witnessed an increase in the number of Turkish companies operating in the Qatari market, which varied between infrastructure, contracting and construction, engineering consultancy, trade, electrical work, auto spare parts, foodstuffs and others. He stressed the keenness of Qatar Chamber to strengthen the economic relations between the private sector in both countries, stressing the readiness of Qatar Chamber to support and assist Turkish companies wishing to enter the Qatari market for the first time. Deputy Chairman of Kocaeli Chamber Hussein Jazar said that Turkish business owners are interested in identifying the Qatari market and the possibilities available, especially as Qatar is witnessing a boom in the field of infrastructure and construction, in order to implement Qatar National Vision 2030 and the requirements of hosting the 2022 World Cup. He pointed out that the Turkish delegation, which represents the sectors of contracting, manufacturing, furniture, food, and building materials, seeks to build promising partnerships in the interest of both parties. He added that the city of Kocaeli is an industrial hub in Turkey, as its exports are valued at about USD 20 billion, which constitutes 13 percent of Turkish exports, in the automotive, electronics, iron and steel and petrochemical sectors, adding that the city also imports stood at USD 45 billion, accounting for 17 percent of Turkish imports. The head of the Turkish delegation pointed out that the investment environment in Kocaeli is attractive for foreign capital, noting that the city has attracted major international brands, companies and investors from all over the world, as Kocaeli has a unique location in Turkey, with 35 seaports with a capacity of approximately 30 million tons each year. (QNA)