By Mucahithan Avcioglu
ISTANBUL (AA) - Türkiye's investment body, the Investment and Finance Office of the Presidency of the Republic of Türkiye (IFOTP), signed a memorandum of understanding (MoU) Tuesday with Qatar Financial Centre (QFC).
"The agreement aims to promote investment, facilitate market access for businesses, and enhance business collaboration between Qatar and Türkiye," according to a statement from QFC.
QFC and IFOTP will organize and support cooperative activities like business conferences, seminars, exhibitions and high-level visits, exchange publicly available economic and investment information, and raise awareness of the potential available across both markets, according to the statement.
"The collaboration also includes mutual support for business delegations and initiatives designed to improve understanding of each country’s business environment and regulatory landscape," it noted.
The two organizations will work together to support greenfield and brownfield investment projects, joint ventures, mergers and acquisitions, and investments that will benefit both parties.
To foster an environment that is favorable to international investment and business expansion, QFC and IFOTP will exchange institutional policies and best practices.
"Through this partnership, QFC will provide guidance and licensing assistance to companies referred by IFOTP that are seeking to explore or expand their presence in Qatar, provided their activities align with QFC’s legal and regulatory framework," QFC stated.
IFOTP President Ahmet Burak Daglioglu said, "This MoU represents a significant milestone in strengthening the economic partnership between Türkiye and Qatar. Since 2002, Qatari FDI in Türkiye has reached $3.5 billion, with total FDI stock standing at $7 billion by the end of 2024. Through deeper cooperation with the Qatar Financial Centre, we aim to unlock new opportunities for investment and further support the finance sectors of both economies."
It “embodies our shared vision of positioning Türkiye and Qatar as leading investment hubs that connect regional and global markets," Daglioglu noted.
QFC added that the deal underscores a shared vision to promote sustainable economic growth and cross-border collaboration between Qatar and Türkiye, paving the way for stronger trade and investment flows in the years ahead.