His Excellency Undersecretary of Ministry of Commerce and Industry Participates in the 13th Turkish-Arab Economic Forum

October 09, 2022

His Excellency Mr Sultan bin Rashid Al-Khater, Undersecretary of the Ministry of Commerce and Industry, participated today in the 13th edition of the Turkish-Arab Economic Forum, held in Istanbul, Turkey.

The 13th Turkish-Arab Economic Forum featured the participation of a number of ministers, senior Arab and Turkish government officials, bankers, and personnel of financial, business, and investment institutions in Turkey and other countries in the region, as well as regional and international finance and development institutions.

For his part, H.E. Mr. Sultan bin Rashid Al-Khater stressed in his speech at the Forum’s main session of the importance of this event, which comprises a prominent venue for exploring growth prospects for the global economy, in light of the current challenges, and also for discussing ways to consolidate the trade and investment partnership between the Arab countries and Turkey.

Qatar’s participation in the Forum stems from its deep belief that confronting any cross-border crisis can only take place jointly, based on the concerted efforts of the international community, H.E. stated. Moreover, Qatar is well-aware of the importance of partnership as a major guarantee for strengthening bilateral relations between countries, H.E. added, noting in this regard that Qatar viewed Turkey as a key strategic partner.

H.E. additionally praised the distinguished and close sibling relations between the two nations, founded on common denominators that have crystallized in light of the stands of solidarity and both sides’ similar visions in various fields. The said factors have positively reflected in the level of trade exchange between the two nations, as the volume of Qatari-Turkish trade exchange amounted to about 1.8 billion USD in 2021, and Qatar is home to more than 767 Turkish companies operating in various vital sectors.

The Turkish-Arab Economic Forum was convened for the first time in 2005, and has had 12 previous editions. The forum is a venue for discussing a number of economic issues of common interest between the Arab States and Turkey, as well as discussing ways to enhance and deepen economic and investment cooperation between the two sides.

The 13th edition of the Forum featured organizing four working sessions that focused on a number of important axes, including: the new pillars of the Turkish-Arab economic partnership, ways to overcome the current global geopolitical and economic challenges, trade development through investment in supply chains and logistics, new investment prospects in Turkey, and opportunities in the field of food security, as well as other vital topics.