Turkish President Recep Tayyip Erdoğan arrived in Qatar on Tuesday for political and economic talks focused on regional and international developments, including ongoing crises in Syria and Iraq. The visit is as part of Erdoğan’s three-day Gulf tour to boost cooperation and bilateral relations.
The president is expected to hold talks with Qatari Emir Sheikh Tamim bin Hamad Al-Thani.
Erdoğan is accompanied on his tour by Foreign Minister Mevlüt Çavuşoğlu; Energy and Natural Resources Minister Berat Albayrak; Economy Minister Nihat Zeybekci; National Defense Minister Fikri Işık; and National Intelligence Agency (MIT) chief Hakan Fidan.
Turkey-Qatar relations have developed significantly in recent years amid joint efforts to resolve outstanding regional crises.
“The Syria crisis, developments in Yemen and the fight against terrorism will all be on the agenda of talks [in Qatar] due to their negative impact on regional stability,” Turkish Ambassador to Qatar Ahmet Demirok told Qatar’s official QNA news agency.
“The fruits of cooperation between Turkey and its Gulf partners can be seen in the foreign policies of these countries,” Ismail Numan Telci, deputy director of the Middle East Institute, wrote for Qatar’s English-language daily The Peninsula.
According to Telci, Turkey is also keen to diversify its primary sources of energy.
Last year, Turkey exported some $440 million worth of ships, yachts, electrical and electronic devices, machines and furniture to Qatar.
Over the same period, Turkey imported some $271 million worth of oil, petroleum products, aluminum and plastic products from Qatari manufacturers.
Turkey has become an attractive market for Gulf investors in several fields, including the banking, transport, tourism, real estate and energy sectors.
In 2016, Qatar National Bank, the Gulf region’s largest bank, acquired Turkey’s Finansbank from the National Bank of Greece for 2.7 billion euros ($2.95 billion).
The number of investment projects now being undertaken by Turkish contractors in Qatar, meanwhile, currently stands at over 120 at a combined worth of some $17 billion.