Qatari money on the rise in Turkey
Erdogan’s ruling party hopes to lure more investments and a piece of Qatari infrastructure projects
Investments in Turkey from Qatar have been growing, reports Al-Monitor, with US$1.2 billion of the US$1.5 billion total made in just the last four years.
Turkey’s ruling Justice and Development Party (AKP) is hoping to cultivate a strong bilateral relationship, not just for more incoming investments, but also to land contracts for infrastructure projects in Qatar.
Turkish Deputy Prime Minister Mehmet Simsek spoke about opportunities amid Qatar’s construction push ahead of the 2022 World Cup:
“Turkish contractors have undertaken projects worth $13.7 billion in Qatar. Qatar is according positive discrimination to Turkey not only in words but also in deeds, giving strong support to Turkish companies doing business there…
Turkish contractors are involved also in metro, airport and seaport projects. The success of our companies in the Doha metro and airport projects is particularly remarkable. I’d like to also underline that we are ready to provide any contribution to our Qatari friends in the 2022 World Cup organization.”