(MENAFN) Investments allocated by the Qatari Commercial Bank in Turkey's Alternatif Bank are expected to keep on growing while adding more value to Qatari and Turkish economies.
Qatar is mostly investing in Turkish strategic sectors that cover finance, retail, energy, agriculture and construction, stated Managing Director of the Commercial Bank Omar Hussein Alfardan.
Managing Director Alfardan noted that "Qatar has directly invested about $23bn to date in Turkey and is ranked the 19th country in direct investments."
Alfardan added "these investments are predominantly in the banking industry and we see that these investments are mostly in the form of share acquisitions. In this respect, we witness the fact that the Qatari companies see a great investment potential in Turkey and invest in various industries, including banking, as part of their medium to long term plans."
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