Unprecedented Investment Facilities for Qatari Projects in Turkey

The Turkish Minister of Treasury and Finance, Mehmet Şimşek, announced unprecedented investment facilities for Qatari projects in Turkey, aiming to enhance their presence in the real estate market and expand economic relations between the two countries.

In his speech at the Turkish Business and Investment Opportunities Conference in Doha, Şimşek emphasized that Turkey welcomes Qatari investors and provides them with an attractive investment environment, praising the "excellent" trade relations between the two nations.

He explained that the Turkish-Qatari relations are witnessing significant growth, especially in the real estate sector, where Qatari businessmen are keen to increase their investments in the current advancing market.

Şimşek pointed out that Qatar has made significant contributions to investment in various sectors within Turkey, particularly in real estate, with the Qatar Investment Authority holding a substantial share in the Turkish economy.

He also anticipated that direct Qatari investment in Turkey would see notable growth over the next five years, with continued strong communication between the two parties and the opening of more channels for cooperation.

He added that Turkey offers massive investment opportunities in real estate, with the Turkish government preparing to launch new facilities to boost Qatari projects in this vital sector, contributing to an increase in trade and investment volume between the two countries.

For his part, Sheikh Khalifa bin Jassim Al Thani, Chairman of the Qatar Chamber, affirmed the strength of economic relations between the two countries, noting that the volume of trade exchange reached 4.75 billion Qatari riyals in 2023, with notable growth in exports and imports between Qatar and Turkey, especially in real estate products.

In this context, Furkan Karakaya, Deputy Chairman of the Investment Office of the Turkish Presidency, explained that Qatari investments in Turkey exceeded 10 billion dollars, primarily focused on the real estate, tourism, and financial services sectors, with 220 Qatari companies actively operating in the Turkish market.

With this strong growth in economic relations, Qatari real estate investments in Turkey present a tremendous opportunity for sustainable returns in the long term, in light of the new facilities and continued government support.

Edited by: Imtilak Real Estate©