Italy wants to expand its investments in Turkey
Sunday, September 6, 2009
Italy wants to expand its investments in Turkey, currently concentrated in western regions, throughout the country, according to an Italian Official.
Carlo Marsili, the Italian Ambassador to Turkey said that economic relations between the two countries steadily improved, noting that the number of Italian companies operating in the Turkish market is proof of Turkey's importance for Italy. Currently, there are about 714 companies, including Pirelli, Fiat Italcementi and UniCredit. He highlighted the fact that Italian direct investments in Turkey amounted to USD 5 billion, accounting for a three percent share in overall foreign investments in the country, while the annual trade volume between the two countries stands at around USD 20 billion.
Marsili said the Italian companies in Turkey mostly operated in the industrial, cement, banking and SME sectors. He added that they want to spread Italian investments in the western region to other parts of Turkey, noting they are making assessments on cities like Adana, Gaziantep, Konya and Kayseri. This is yet more good news for the Turkish property market; it is both a testament to the massively rising popularity of Turkey with European Investors.
Roberto Luongo, director of the ICE's Istanbul office, told Hurriyet Daily News and Economic Review in an interview, "We think research and development centers and technoparks will have the utmost importance in boosting a country's development." Italian representatives are scheduled to visit Ankara and discuss projects on launching "technoparks" in Turkey.
Italian companies have a keen interest in Turkey, Luongo emphasized. "Italy is Turkey's third-largest trade partner, following Russia and Germany." Italian investments in Turkey total around USD 4.7 billion, "We are the fifth largest investor in Turkey," said Luongo.
Social BookmarkingCarlo Marsili, the Italian Ambassador to Turkey said that economic relations between the two countries steadily improved, noting that the number of Italian companies operating in the Turkish market is proof of Turkey's importance for Italy. Currently, there are about 714 companies, including Pirelli, Fiat Italcementi and UniCredit. He highlighted the fact that Italian direct investments in Turkey amounted to USD 5 billion, accounting for a three percent share in overall foreign investments in the country, while the annual trade volume between the two countries stands at around USD 20 billion.
Marsili said the Italian companies in Turkey mostly operated in the industrial, cement, banking and SME sectors. He added that they want to spread Italian investments in the western region to other parts of Turkey, noting they are making assessments on cities like Adana, Gaziantep, Konya and Kayseri. This is yet more good news for the Turkish property market; it is both a testament to the massively rising popularity of Turkey with European Investors.
Roberto Luongo, director of the ICE's Istanbul office, told Hurriyet Daily News and Economic Review in an interview, "We think research and development centers and technoparks will have the utmost importance in boosting a country's development." Italian representatives are scheduled to visit Ankara and discuss projects on launching "technoparks" in Turkey.
Italian companies have a keen interest in Turkey, Luongo emphasized. "Italy is Turkey's third-largest trade partner, following Russia and Germany." Italian investments in Turkey total around USD 4.7 billion, "We are the fifth largest investor in Turkey," said Luongo.
Labels: Investment-property
