Turkish businessmen to flock Kuwait and Qatar

500 businessmen will travel to Kuwait and Qatar together with Turkish PM Erdogan.

Turkish businessmen to flock Kuwait and Qatar

Turkish businessmen will accompany Prime Minister Recep Tayyip Erdogan during his visit to Kuwait and Qatar, attend business forums and discuss business opportunities with their Kuwaiti and Qatari colleagues. 

A statement of Turkey's State Minister Zafer Caglayan for foreign trade said on Saturday that 500 businessmen would travel to Kuwait and Qatar together with Erdogan.

Turkey's Foreign Trade Undersecretariat and Turkish Exporters' Assembly are co-organizing the visit to begin on Sunday and end on January 12.

Businessmen aim to raise Turkey's share in the Kuwaiti and Qatari markets, and create new export and contracting opportunities.

The delegation will consist of businessmen investing in construction, food, automotive and by-industry, chemical industry, furniture, jewelry, textile and ready-to-wear, home textile, medicine and medical equipment, machinery and contracting services.

A business forum will take place in Kuwait on January 11, and another forum will be held in Qatar on January 12.

Trade volume between Turkey and Kuwait was 395.5 million USD in 2009, and is expected to reach 600 million in 2010. Kuwaiti firms have 850 million USD investments in Turkey.

Turkey-Qatar trade volume was 374.7 million USD in 2009, but it is expected to rise to 350 million USD in 2010. Turkish contracting companies have undertaken 6.6 billion USD of projects in Qatar.

Contracting projects between Turkey and Qatar have started to speed up after Qatar became the venue of the 2022 FIFA World Cup. Qatar is planning some 150 billion USD of investments for the following five years.

Last Mod: 09 Ocak 2011, 10:39
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