Qatar Chamber (QC), in cooperation with the Turkmenistan Chamber of Commerce and Industry, yesterday held the “Qatar-Turkmenistan Business Meeting” via video conferencing. The webinar reviewed areas of cooperation between the Qatari private sector and its Turkmenistan counterpart as well as explored investment opportunities available in both countries.
QC First Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari presided over the Chamber’s delegation participating at the meeting, while the Turkmenistan delegates were led by Dovletgeldi Rejepov, Chairman of Turkmenistan Chamber of Commerce and Industry.
Addressing the meeting, Al Kuwari praised the bilateral relations between the State of Qatar and the Republic of Turkmenistan. He also stressed that the visit of the Amir HH Sheikh Tamim bin Hamad Al Thani to Turkmenistan in 2016 and the visit of President of Turkmenistan Gurbanguly Berdimuhamedow to Qatar in 2017 have contributed to enhancing both countries’ relations in many areas.
As for the trade exchange, he noted that despite their distinct relations, the two countries’ trade relations are not correspondent with the huge potential and resources they own, especially since both countries are key players in the world’s energy market.
He went on to confirm the private sector’s role on both sides in developing commercial relations between both countries through establishing active partnerships and economic alliances between Qatari and Turkmenistan firms. Al Kuwari invited Turkmenistan companies to invest in Qatar and take advantage of a variety of opportunities in all sectors, indicating that Qatar’s economy is promising and welcomes all foreign investments.
He added that a myriad of international companies are operating in Qatar and benefit from its investment incentives. “Investment in Qatar is successful and secured.
Qatar has developed a sophisticated infrastructure, established free and industrial zones, and issued economic legislation that supports investment.
These accomplishments have made Qatar a leading destination for international investments, especially with the approach of the World Cup 2022 and its related opportunities that can be seized by Turkmenistan companies,” added Al Kuwari.
He also called on Qatari businessmen and investors to invest in Turkmenistan, referring to Qatar’s strategies which is aimed at diversifying the economy and establishing successful investments in friendly countries.
Also speaking during the event, Rejepov expressed his thanks to Qatar Chamber for organising the meeting and its interest in boosting relations between businessmen from both countries, indicating that there are good relations between both counties while their economic cooperation is still below expectations.
Rejepov also confirmed the desire of his country to develop its cooperation relations with Qatar in investment and economic fields.
He went on to introduce an overview about the Turkmenistan economy and investment incentives offered for foreign investors, and called on Qatari investors to invest in his country which offers a lot of opportunities in several sectors such as infrastructure and energy among others.
During the meeting, both sides delivered presentations showcasing investment climate and opportunities available in both countries. Qatar Free Zones Authority (QFZA) Markets Manager Fahad Al Kuwari said the authority oversees three free zones which are Ras Bufontas, Umm Alhoul and Meshereb, noting that these zones offer distinguished services for local and foreign investors.
