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Asif Iqbal
Doha
The prices of Turkish and Iranian food items will further decline as works on a land route linking Qatar with these countries are in full swing and on schedule.
"Once completed, the land route will be an economical, sustainable and reliable corridor," Qatar Chamber Vice-Chairman Mohamed bin Twar has told Qatar Tribune.
The route will bring down the transportation cost of Turkish and Iranian food items, most of which are being flown in currently, he added.
Besides, Twar said, the government is taking all the necessary steps to upgrade the Al Ruwais Port to facilitate more trade between Qatar and Asia and Africa. The government has expedited the revamp of the port following the Saudi-led siege.
"The Ruwais Port is already receiving big cargo vessels from Bushehr and Bandar Abbas in Iran. Countries such as Azerbaijan are also sending their goods to the port."
Once the port is revamped, it will receive shipments from other countries in Asia and Africa, he said, adding that officials from Qatar Chamber will be visiting Al Ruwais Port soon to asses the progress of its development.
The first phase development of Al Ruwais Port ” meant to ease entry and exit of vessels ” started in 2014 under the Emiri Decision No. 76 of 2014.
On other measures initiated by the administration to boost trade and economy, Twar said, the recent draft legislation to allow 100 percent foreign ownership in businesses is an excellent move.
It will facilitate transfer of technology to the country and bring in further investments and boost economic development, he added.
On business ties with Turkey, Twar said,"As one of the leading industrial countries in the world, Turkey has a lot to offer to Qatar." Turkish firms are already active in the country in sectors such as food processing, building materials and healthcare, he noted.
