Qatar ranks first in foreign investment in Turkey: report

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Turkish President Recep Tayyip Erdoğan (R) is welcomed by Emir of Qatar Sheikh Tamim bin Hamad Al Thani (L) at Doha International Airport at the start of his official visit to Qatar on July 24, 2017. / AFP PHOTO / TURKISH PRESIDENTIAL PRESS SERVICE /

Qatar ranked first among foreign investors in Turkey in the January to June 2019 period, according to data released by the Turkish Economic Policy Research Foundation (TEPAV), the Middle East Monitor news website reported.

According to the data Turkey has become one of the most competitive markets in the world in terms of foreign investment as it achieved a significant increase of 6.3 percent in early 2019.

Central Bank of Turkey reports indicate that the total foreign direct investment (FDI) to Turkey during the first half of 2019 amounted to $3.1 billion.

Approximately 19.4 percent of this investment came from Qatar, 18.7 from Britain and 17.5 percent from Azerbaijan. The share of the three countries in total FDI in Turkey compared to last year increased from 34.3 percent to 55.6 percent.

Total Qatari FDI to Turkey amounted to $601 million compared to $85 million in the same period of 2018.

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