Qatar said to eye Turkish banking, agricultural investments

Qatar is reportedly in talks to buy stakes in a number of Turkish bank following a deal agreed by Qatar National Bank to buy Finansbank last year.

Turkish media quoted Salem Mubarak Shafi al-Shafi, Qatar’s envoy to Turkey as saying that the talks with Turkish banks are ongoing.

Qatar National Bank, the Gulf Arab region’s largest bank, agreed to buy Turkey’s Finansbank from the National Bank of Greece (NBG) for $2.95 billion in December.

The ambassador was also quoted as saying that Qatar is also keen on investing in Turkey's agricultural sector, with an initial investment reportedly about $500 million.

He added that Turkish businesses would be given priority for a planned stadium and other construction contracts in Qatar related to the 2022 World Cup.

Arguing that the oil plunge would not negatively affect Qatar’s investments, Al-Shafi also said Doha was targeting tourism investments in Turkey.

Related:

Market Performance

Qatar National Bank - Qatar
135.5
0.0 0.0 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi riyal peg pressure eases, but not gone

Saudi riyal peg pressure eases, but not gone

Volatile energy swings mean the currency remains vulnerable,...

The Gulf's sovereign dilemma

The Gulf's sovereign dilemma

With oil prices still faltering around their lowest level in...

Gulf's bond market thaws as panic over oil fades

Gulf's bond market thaws as panic over oil fades

Improved sentiment seen in the response to a $500m, five-year...

Most Discussed
sponsoredTracking