Nov 26 2018

Qatar, Turkey sign agreements during Emir Al Thani's visit

Qatar's Emir Sheikh Tamim bin Hamad al-Thani and Turkish President Recep Tayyip Erdoğan on Monday signed a number of agreements on transportation, trade and economy during al Thani's visit in Istanbul for talks on economic agreements and regional issues, Al Araby website reported.

Qatar’s Emir was in İstanbul for the Turkey-Qatar High Strategic Committee, marking the 45th year of bilateral ties; the two sides stressed the mutual commitment to their efforts to further broaden relations on political and economic levels.

The meeting follows a pledge in August by Qatar to invest $15 billion in Turkey to invigorate Ankara's ailing economy after the country’s currency lost up to 40 percent value against the U.S. dollar following a diplomatic row between Ankara and Washington.  

Turkey was an outspoken critic of the blockade against the gas-rich emirate of Qatar by a Saudi-led coalition of Arab countries in June last year and maintains a military base in Qatar with reinforcements sent to the Gulf state. 

In October Qatar gifted to Turkey, an ultra-luxury Boeing 747-8i jet valued at $500 million.