Doha: The Qatari market is promising with abundance of opportunities in all sectors for foreign investors, and the private sector can play an important role in developing the bilateral relations between Qatar and Turkmenistan through forging active partnerships and alliances among Qatari and Turkmen companies, said a senior official during a forum yesterday.
Addressing the Qatar-Turkmenistan Business Forum held virtually, Qatar Chamber First Vice-Chairman Mohamed bin Towar Al Kuwari said: “Qatar and Turkmenistan enjoy close relations in many fields and there is a common desire from both sides towards elevating such relations to higher levels. The development of relations between Qatar and Turkmenistan is evident through the mutual visits by both countries’ leaders, government officials, and private sector representatives. There are several agreements and MoUs signed by both counties in various fields”.
He noted that despite these distinguished relations between the two countries, commercial and economic relations are still below expectations, although they own tremendous potential and resources and both countries are key players in the global oil and LNG markets.
Speaking about the positive role of the private sector in developing the two countries’ bilateral trade relations, Al Kuwari stressed the need to forge active partnerships and alliances between Qatari and Turkmen companies. “The Qatari market is promising and highly welcomes all foreign investors. So, I will take this opportunity to invite Turkmen companies to invest in Qatar and benefit from the abundance of opportunities available in all sectors, especially the world-class infrastructure and attractive economic legislation,” he said.
“Qatar has become a focus for global investments, especially with the approach of hosting the FIFA World Cup 2022,” Al Kuwari added, and went on to reiterate the Chamber’s interest to encourage Qatari investors to invest in Turkmenistan and explore the investment opportunities available there.
Dovletgeldi Rejepov, Chairman of the Chamber of Commerce and Industry of Turkmenistan stressed the depth of relations between Qatar and Turkmenistan in a number of fields. He said: “This forum offers a good opportunity for both sides to explore new aspects for cooperation between the Qatari and Turkmenistan private sector in numerous sectors such as agriculture, energy, technology, food security, and others”.
Speaking about Turkmenistan’s investment climate, Rejepov said: “Turkmenistan is a secure and appropriate place for investment. It offers an advanced infrastructure that has attracted more foreign investments to the country”.
He noted that Turkmenistan Chamber welcomes cooperation with Qatar Chamber and expressed its preparedness to provide all required data and information to Qatari investors who are willing to invest in Turkmenistan.
Rejepov assured that Turkmenistan businessmen are interested to export their products to Qatar, especially the agricultural products which are of high quality and at reasonable prices, and highlighted the country’s interest to attract Qatari investments in various sectors.
Begli Durdymuradov, Head of International Department of the Union of Industrialists and Entrepreneurs of Turkmenistan and Sahra Amanova, Deputy Chairman of the National Association (Turkmenlogistika), delivered two presentations about incentives offered by Turkmenistan for attracting investors and about logistics projects and road networks.
