Turkish companies pledges in Qatar worth $19.1 billion

Turkish real estate companies, led by the Istanbul Chamber of Commerce, joined the (Cityscape Qatar 2022) real estate investment exhibition, which is one of the largest real estate investment exhibitions in the Gulf countries and the region, which was organized for the first time by the Istanbul Chamber of Commerce.

The President of the Istanbul Chamber of Commerce (Şekib Avdagiç) gave statements to reporters regarding the exhibition, explaining that it "provides investors with the possibility to explore international real estate opportunities, special offers, and residential and office projects."

Mr. Avdagiç pointed out that "the exhibition is considered the oldest and most important exhibition for investment and real estate development in Qatar, indicating that all types of real estate, including residential, commercial and industrial, gather in (Cityscape Qatar)."

He also stated, "We are participating for the first time in (Cityscape) real estate investment exhibition, which opened in Qatar with the participation of 14 Turkish companies; three of these companies represent our country individually. We see (Cityscape) as an important platform to promote Turkish real estate projects, especially those that It attracts the high-income class."

Taking advantage of the World Cup opportunities

Mr. Avdagiç stressed that "the 2022 FIFA World Cup that will be held in Qatar later this year will bring great business to the country, and we are working to ensure that entrepreneurs take advantage of this opportunity and increase the real estate sector's contribution to our exports."

The value of the executed projects

The head of the Istanbul Chamber of Commerce stated that "the real estate sector has come a long way in the past decades, stressing that Turkish contracting companies have achieved great successes abroad and that companies in this sector have implemented 11,253 projects in 131 countries."

He added, "The total value of the mentioned projects amounted to $457 billion, which is a tremendous value that shows Turkey's great strength. We are making good use of Turkey's geographical location, its proximity to the countries of the region, its trained workforce, its technological know-how, its technology-savvy, its commercial expertise, its discipline, and its competitive advantage; So we anticipate that we'll reach even bigger business than that."

He continued "Turkish contracting companies have undertaken projects worth 19.1 billion in Qatar over the past decades, indicating that Qatar has ranked ninth in this field."

Edited by Imtilak Real Estate ©

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