Qatar's Investment Plans in Turkey on Fast Track

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Qatar's Investment Plans in Turkey on Fast Track BUSINESS | 13 SPORT | 17 US trade data Djokovic cruises underscore into third round slowing as Opelka pulls off economy another upset Thursday 4 July 2019 | 1 Dhul-Qa’da 1440 www.thepeninsula.qa Volume 24 | Number 7942 | 2 Riyals Qatar’s investment plans Amir receives US Senators in Turkey on fast track MOHAMMAD SHOEB Qatar has already implemented nearly THE PENINSULA one-third of the proposed QR55bn ($15bn) investment programme in the Turkish economy Turkish Ambassador to Qatar since it was announced in August last year. Fikret Ozer said yesterday that Qatar has already implemented nearly one-third of the proposed package has already been imple- steadily. For instance, in the QR55bn ($15bn) investment mented and transferred, and the year 2016, Turkish exports of programme in the Turkish rest of the amount are expected goods to Qatar stood at $450m economy in less than one year’s to be implemented in terms of (QR1.63bn), and within two time since it was announced in investments in Turkey. Qatar years it increased to $1.1bn (over August last year. Investment Authority (QIA), QR4bn) in 2018, registering a This financial support and Qatari Diar, Katara Hospitality remarkable growth of over 144 investment programme was and several other big companies percent. announced by the Amir H H are in the process of making He also noted that Qatar- Sheikh Tamim bin Hamad Al further investments in different Turkey economic relations are Thani after meeting with Pres- sectors of the Turkish economy, based on mutual interests and ident of Turkey Recep Tayyip including real estate, hospitality benefits. Turkish companies have Erdogan, during his official visit and other promising sectors,” invested in Qatar and several to Ankara last year. Following that Turkish Ambassador told Qatari companies are also the Amir had issued directives in reporters at a press conference investing in various sectors of the mid-August 2018 to support a host held to mark the third-anni- Turkish economy. In addition to Amir H H Sheikh Tamim bin Hamad Al Thani met yesterday at Al Bahr Palace with US Senators Lindsey of economic projects, investments, versary of the failed coup attempt investments and other economic Graham and Chris Van Hollen and their accompanying delegation, who greeted the Amir during their and deposits worth a total of in Turkey on July 15, 2016. cooperation, the volume of visit to the country. The meeting reviewed friendly bilateral ties and strategic cooperation between $15bn to boost the cash-strapped Ambassador Ozer added: bilateral trade is also witnessing Qatar and the US in different fields. They expressed their thanks to the Amir in that regard and for the Turkish economy. “The bilateral economic ties significant growth, which is a role of Al Udeid airbase and the hosting of more US forces. They shared views on the latest regional “Nearly one-third of that between Qatar and Turkey has win-win situation for both the and international developments. They praised the role of Qatar in peace mediation efforts and hosting proposed $15bn financial been growing sharply and nations. `P4 of the Afghan dialogue and the humanitarian aid Qatar provides to the people of Gaza. Ties with Qatar to strengthen further: US Chargé d’Affaires FAZEENA SALEEM William Grant, Chief of new agreements including one in Highness has visited the US Secretary of State said when he stronger now. We expect His THE PENINSULA Mission and Chargé d’Affaires of the area of trade are expected to about once a year on a regular visited Qatar last January that Highness and the President to the US in Qatar while speaking to be announced and bilateral dis- routine and that helps both sides the Gulf dispute has lasted too announce some commercial deals The upcoming visit of Amir H H the media about the upcoming cussions will be held in areas of to work the agenda we do in the long. The US believes that during the visit. It will involve US Sheikh Tamim bin Hamad Al visit of H H the Amir, said: “We mutual interest such as regional remaining months,” said Grant. resolving the dispute is in the and Qatari companies.” Thani to the US is expected to be fully anticipate it is going to be a issues during the visit. Answering a question, Grant interest of all parties in the The US maintained a $2.8bn important and will build on the very big visit.” “The relationship between acknowledged that bilateral dis- region, as well as in the interest trade surplus with Qatar in 2018, longstanding partnership During the visit, H H the Amir the US and Qatar is active and cussions will focus on matters of the US.” driven by Qatari purchases of US between two countries by further is expected to meet with Pres- diverse. US is engaged in activ- related to the ongoing blockade He also termed the trade aviation and defense systems strengthening economic and ident Donald Trump, senior offi- ities that are helping Qatar; Qatar imposed on Qatar and issues relations between Qatar and US and technology products. Overall security ties, said US diplomat cials of the US government and is doing things that helps US and about Iran. Referring to the as booming saying, “They have volume of trade in 2018 was yesterday. members of the Congress. Several that are our interest. His blockade, he said: “As the always been strong and getting $6bn. `P4 Qatar strongly condemns Cabinet takes steps Tripoli bombing to issue draft laws QNA/DOHA QNA/DOHA consular corps, and a draft law on railways. It also approved to The State of Qatar expressed its The Prime Minister and Interior refer them to the Shura Council. strong condemnation of the Minister H E Sheikh Abdullah bin The Cabinet moreover approved a brutal airstrike that targeted a Nasser bin Khalifa Al Thani draft law on regulating and man- Migrant Detention Center of chaired the Cabinet’s regular aging the strategic inventory of different nationalities in the meeting held yesterday at the food and consumer goods, and a Tajoura district of the Libyan Amiri Diwan. The Minister of raft law amending some provisions capital of Tripoli, killing 44 and Justice and Acting Minister of State of Law No. 21 of 2015 regulating the injuring dozens. for Cabinet Affairs, H E Dr. Issa bin entry, exit and residence of In a statement, the Ministry Saad Al Jafali Al Nuaimi, stated that expatriates. of Foreign Affairs expressed the Cabinet reviewed topics on its It also approved a draft that the airstrike is a flagrant vio- meeting’s agenda. It also approved decision determining the areas in lation of international laws that a draft resolution of the Minister of which non-Qataris can own and protect human rights, and may Public Health to establish the use real estate, as well as the con- amount to war crimes and addiction treatment committee and ditions, regulations and proce- crimes against humanity. The determine its specialties and a draft dures of their ownership and use. statement also stressed that this decision of the Minister of Commerce It approved a draft decision of the airstrike requires an urgent inter- and Industry to determine the Minister of Justice to extend the A group of employees from Qatar's football stakeholders during their visit to Brazil. national investigation to bring the percentage of participation of non- period of reconciliation of the perpetrators to justice. `P6 Qataris in investment funds dealing conditions in applying the provi- in real estate. sions of Law No. 22 of 2017 on the Strong wind with dust Qatar’s football stakeholders learn It took necessary measures to organization of the work of real issue a draft law on the extension estate brokerage and a draft forecast from tomorrow mega-event experience at Copa America of the concession granted to Qatar decision of the Minister of Munic- THE PENINSULA/DOHA Fuel Company (Woqod) for mar- ipality and Environment on the THE PENINSULA invited to shadow the tourna- 2022. Employees embedded keting, selling, transporting and dis- classification of real estate units. Northwesterly fresh to strong DOHA ment’s Local Organising Com- within the LOC included rep- tributing gas and petroleum The Cabinet approved the wind (locally called Al Bawarih) mittee (LOC), while 33 staff resentatives from the SC, Qatar products, a draft law on regulating draft executive decisions of law expected to return affecting most In tandem with the Qatar spent time with Brazil’s security Football Association, Qatar the partnership between the public No. 4 of 2018 regulating electricity areas of the country especially national team’s debut in the forces in order to gather Stars League, the Josoor and private sectors and a draft law and water supply. It also approved during daytime starting from 2019 Copa America in Brazil, knowledge to support prepa- Institute and beIN Sports, while on regulating the auditing pro- to apply provisions of Law No. 24 tomorrow until early next week, a group of employees from the rations for the FIFA World Cup the security delegation included fession. It took necessary measures of 2002 regarding retirement and Qatar Meteorology Department country’s football stake- Qatar 2022. staff from the SC’s Security to issue a draft law on regulating the pensions to Qatari employees in a has forecast. The wind speed will holders spent time with the The secondment program Committee, Ministry of Interior, receipt and disbursement of Zakat number of companies. The Cabinet rang between 12-22 kt gusting to tournament organisers in was organised by the Supreme Qatari Army and Lekhwiya. In funds and a draft law on amending approved a draft agreement on air 30 kt at times in some areas order to learn about event Committee for Delivery and addition, a representative from some provisions of Decree Law No.
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