September 25, 2014
After talks with Turkey’s president, Qatar’s emir has directed the CEO of state-owned Hassad Food Co. to make a US$500 million agricultural investment in Turkey to help the country which lacks arable land to gain better food security. After a two and half hour meeting with Turkey’s Agriculture Minister Mehdi Eker, an agreement was settled between the two parties wherein Hassad Foods would invest US$500 million in cooperation with Turkish private companies into Turkey’s poultry, mutton, and dairy sectors on Turkish General Directorate of Agricultural Enterprises (TIGEM) lands. By 2015 Turkey and Qatar are targeting an increase of US$1.5 billion in mutual trade, which currently stands at US$800 million, and in February of this year talks began between the two countries regarding establishing a free trade agreement.
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