A total of 350 businessmen will participate in the Turkish-Arabian Economy Forum (TAF-06) at which Prime Minister Tayyip Erdogan, who established close relations through his Middle East and Gulf visits, will preside. The forum coordinated by Al-Iktisad Wal-Amal Group, an international organization company located in Beirut, will take place on June 8-9.
Al-Iktisad Wal-Amal Group Turkey Representative Murat Efe informed that Arabian businessmen, who came to Turkey last year seeking investment alternatives, will announce their investments and projects planned for Turkey this year at the forum. Efe noted that both the Turkish PM and the Lebanese PM of the time, Refik Hariri, encouraged them when they took the decision to bring Turkish and Arabian businessmen together.
Expressing the significant contribution of the Foreign Economic Relations Council to the organization, Efe informed that nearly 300 Turkish businessmen would also attend to the meeting. Among the Arab investors attending the meeting, at which the Turkish PM will make the opening speech, is the Dubai Properties Investment Company that recently initiated the Dubai Towers investment project for Istanbul.
Dubai International Finance Exchange, established in September 2005, will attend the Forum representing 13 banks. These groups will release their new projects while Sudanese, Lebanese, and Yemeni banks will inform Turkish investors about investment opportunities in their countries.
At the forum, Turkey will also present the Southeastern Anatolia Project to Arab investors. Beside Turkish Prime Minister Recep Tayyip Erdogan, Arab League Secretary-general Amr Musa, and Lebanese Prime Minister Fuad Siniora will deliver speeches at the forum opening.
Efe said that the educated new generation Arab businessmen have a broad-vision and highlighted the importance of better understanding each other to cooperate. He stressed furthermore that, Turkish investors who have visited Arab countries and met Arab investors no longer face prejudice.
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Lebanon-based Oger Telekom winning the Turk Telekom privatization tender was an example of cooperation with the Gulf capital. Following the tender, Dubai Properties declared it would build a skyscraper in Istanbul in cooperation with the Istanbul Metropolitan Municipality and launched a $5 billion investment in Turkey.