Mubasher: Al Meera Consumer Goods Company on Sunday revealed that it was in search of new business opportunities in Turkey, enhancing bilateral relations between Qatar and Turkey.
A business delegation headed by Al Meera's deputy CEO Salah Al Hammadi met with Istanbul and Samsun-based investors and businesses looking to expand in Qatar.
“Qatar and Turkey’s economic and business interests continue to grow stronger and both regions are benefitting from one another,” Al Hammadi commented.
On the first day of their two-day official trip, Al Meera's officials visited Happy Center, while the next trip on the visit list was to the Istanbul Chamber of Commerce (ICOC).
With about 420,000 members, Turkey's ICOC is the third largest chamber in the world.
“Our meetings with Turkish businessmen and business entities were also very positive and gave us the chance to discuss how we can help to increase the bilateral trade relations between Qatar and Turkey,” Al Hammadi added.
There are about 186 Turkish-Qatari firms operating in the Qatari market and 19 firms with 100% Turkish capital, a statement by Al Meera showed.
It is worth noting that Qatari-Turkish strategic relations became stronger, especially after the quartet — the UAE, Bahrain, Saudi Arabia, and Egypt — boycotted Qatar since last summer.
Since 5 June 2017, Qatar has been facing outflows of foreign customers' deposits after four Arab countries led by Saudi Arabia cut their diplomatic and trade ties with the gas-rich state, accusing Qatar of financing terrorism. Doha forcefully denies the charges.
For the first half of 2018, Al Meera’s net profit fell 9% to QAR 93.27 million, versus QAR 102.36 million in the same period a year earlier.
By 09:59 am Qatar time, Al Meera’s stock inched up 0.01% at QAR 151.01.
