Qatar announced US$16bil investment in Turkey during Emir's visit

  • Economy
  • Thursday, 16 Aug 2018

Turkish President Tayyip Erdogan addresses members of his ruling AK Party in Rize, Turkey August 11, 2018. - Reuters

ISTANBUL: Qatar will invest $15 billion in Turkey as the two countries expand their bilateral relations and cooperation on regional issues.

The announcement came as Qatari Emir Sheikh Tamim Bin Hamad Al Thani held talks with Turkish President Recep Tayyip Erdogan in Ankara on Wednesday.

"Qatar has pledged $15 billion of direct investments in Turkey. Turkish-Qatari relations are based on solid foundations of true friendship and solidarity," Turkey's presidential spokesman Ibrahim Kalin said.

Qatari Foreign Minister Sheikh Mohammed Bin Abdulrahman Al Thani said the talks between Sheikh Tamim and Erdogan "reaffirmed the joint desire and will to expand strategic partnership and investment cooperation in various fields".

Their talks also covered regional matters, according to the Turkish presidency. - Bernama

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