Turkish firms may use Yemen as gate to African market

Yemen offers a "commercial gate" opportunity to the Turkish businessmen to reach African markets.

Turkish firms may use Yemen as gate to African market

 

Yemen offers a "commercial gate" opportunity to the Turkish businessmen to reach African markets.

Yemen is located in southern part of the Arabian Peninsula which is close to Africa, a new promising market for Turkish businessmen.

Sadik Yildiz, founder chairman of Turkish-Yemeni Business Council, told A.A. correspondent on Monday that historical ties between Turkey and Yemen were strong and 300,000 people had been martyred there in the Ottoman period.

Yildiz said Turkish private sector did not know much about Yemen, "Turkish-Yemeni Business Council was established. Four separate delegations from Yemen visited Turkey in June. Foreign Economic Relations Board of Turkey will organize a tour of Yemen in July to seek business opportunities."

"Only nine Turkish companies are actually operating in Yemen. There is a very high cooperation and investment potential there. European and U.S. companies are not eager to make investments there because of security reasons. However, Turkish companies are welcomed there. We do not have any security problems," Yildiz said adding that Turkey and Yemen could cooperate in third countries.

"Yemen is a neighbor of Africa. It has a port 10 miles to Djibouti. Turkish companies may export from Yemen to Africa and use Yemen as a base. Organized industry zones were established in Yemen. They expect support from the Turkish party to operate the industry zones," he said.

Yildiz said foreign trade of Turkey and Yemen was around 400 million USD, indicating that Turkish exports was 380 million USD, "we target to achieve 1 billion USD by the end of 2012," he said.

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Güncelleme Tarihi: 05 Temmuz 2010, 11:44
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