Turkish official lists plans by foreign investors

Foreign investments in Turkey are expected to perk up in 2010, says head of Turkey's Investment Support and Promotion Agency Alpaslan Korkmaz on Sunday.

Turkish official lists plans by foreign investors

Foreign investments in Turkey are expected to perk up in 2010, says head of Turkey's Investment Support and Promotion Agency Alpaslan Korkmaz on Sunday.

He says, Turkey which is one of the countries emerging from the crisis with the least damage, is nowadays one of the most attractive countries for foreign investors.

According to info compiled from the Investment Support and Promotion Agency following companies are planning to make investments in Turkey:

National Bank of Kuwait (NBK) which is one of the shareholders of Turkish Bank wants to purchase new banks in Turkey. NBK which is Kuwait's largest, and Middle East's fifth largest bank, is interested with Tesktilbank and Anadolubank.

Kuwait Investment Authority which purchased Cevahir Shopping Mall in Istanbul trough London, has investments in Turkey worth USD 1 billion. It is interested in medical services projects. It wants to partake in the "Health Services Cities" project developed by Turkey's Health Ministry. It also want to make investments in tourism sector. It has ongoing hotel projects in Istanbul, Antalya and other cities.

Al Shaya Group: Al Shaya Group CEO which says "Investing in Turkey is better than investing in the U.S. and Japan." wants to increase and diversify its investments in Turkey.

Chinese automaker Chery wants to open a joint venture factory with Turkey's Mermerciler group. Another Chinese automaker which recently purchased Volvo is planiing joint investments with Turkey's Anadolu group. Lifan, China Truck, FAW and Foton are considering to make investments in Turkey.

Japanese giant Toshiba Corporation wants to make investments in the energy sector. Toshiba which produces new generation nuclear reactors, is interested in nuclear energy projects in Turkey. Senior Toshiba executives accompanied with Japanese Finance Department representatives visited Turkey and met with Turkish officials.

India's OBEROI is Asia's largest hotel chain is among world's largest hotel chains. It paid visits to Turkey and designated cites to construct new hotels. It is getting ready to build a massive hotel in Istanbul. It has multiple ongoing projects in Istanbul. They are planning to build hotels in Antalia, Izmir and Ankara.

India's giant Software company Wipro is getting ready to enter the Turkish market. During Turkish President Gul's recent trio to India, the compnay promised t make investments in Turkey. Wipro wants to open a information technology center in Turkey.

Korkmaz says there is a significant rise in 2010 in the number of companies which announced intention to make investments in Turkey adding that suspended investments would also resume.

"The return of foreign investors will be observed in the second half of 2010 and the first half of 2011. Last year Turkey received 7.6 billion USD of direct investments. Recently foreign investors have paid many visits and the number of applications to make investments rose," said Korkmaz.


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Güncelleme Tarihi: 20 Haziran 2010, 13:51

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