Qatar to the rescue

Following the 6th Turkey-Qatar High Strategic Committee Meeting President Erdogan and the Emir of Qatar Tamim Bin Hamad Al Sani signed a cooperation agreement between Turkey and Qatar.

The agreements will mean USD 300 million in capital flows to Turkey and 10% of Borsa Istanbul will be transferred to Qatar- Qatar Investment Authority (QIA).  Hence Turkey Wealth Fund’s Stake in Borsa Istanbul will drop to 80.6%.

The price of the sale was not declared and the details regarding how the price was set is not made public.

The agreements signed are as follows:

  • Agreement Regarding the Transfer of Shares of Istinye Park,
  • Memorandum of Understanding Regarding Potential Joint Investment to be Made in Istanbul Golden Horn Project,
  • Between Global Port Operations and QTerminals WLL Antalya Port Operations AŞ Share Transfer and the Agreement on the Purchase,
  • Free Zones Joint Promotion Activities of the Memorandum of Understanding,
  • Joint Economic and Trade Commission Establishment Declaration “,
  • Cooperation Memorandum of Understanding on Water Management Area
  • Improved Economic and Memorandum of Understanding on Financial Cooperation Areas
  • Family, Women and Social Services Related Cooperation
  • Intent Regarding Diplomat Exchange Institute of Diplomacy