Qatar to invest 15b in Turkey’s financial markets and banks

Qatar King Sheikh Tamim bin Hamad Al Thani has pledged to make direct investment in Turkey and announced a 15-billion US dollar investment into the country’s financial markets and banks.

His announcement came yesterday after holding talks with Turkish President Recep Tayyip Erdogan in Ankara. Turkey is currently grappling with a currency crisis and heightened tensions with the United States, its NATO ally.

Sheikh Tamim is the first foreign head of state to visit Ankara since the stand-off with Washington began last week. Erdogan and Sheikh Tamim also discusses ways to improve their strategic cooperation.

Leave a Reply