Turkey fast emerging for overseas investors
Saturday, January 23, 2010
Turkey is a country that is rapidly emerging as a hotspot for overseas investors, it has been stated.
Mercedes-Benz Turkey has raised its market share in Turkey in the recent five years. Tufan Akdeniz, the company's sales and marketing director announced that Turkey's light commercial vehicles department, said the company's market share was up in Turkey in 2009 despite the global economic crisis, like in the last four years. "We are aiming to maintain a similar uptrend this year", said Akdeniz during a ceremony in the Mediterranean province of Antalya.
Meanwhile, Ilhan Atis, Adana Governor, a city situated on the Seyhan River in south-central Anatolia said that a Singapore-based company is interested in investing in the Ceyhan Energy Specialization Zone. Ceyhan will be one of the most important locations in the future, said Atis, and the Investment plans of the Istanbul-based conglomerate Calik Holding in the area have become definite, he said, adding that foreign companies are also keeping a close eye on the region.This is expected to increase the property prices in the region.
During the investment conference held in Paris, Alpaslan Korkmaz, President of the Prime Ministry Investment Support and Promotion Agency of Turkey (ISPAT) briefed French business people and presented the investment environment and incentives in Turkey. This promotion campaign toward French business community has succeeded in attracting interest to the country, particularly in property investment.
Hong Kong-based Li&Fung Group, the world's largest supply chain, has chosen Turkey as its base for the EMEA region, and has now opened its European regional office in Istanbul. The investment by Li&Fung, which has been announced as USD 700 million, will initially create direct recruitment for 400 people. Victor Fung, Chairman of the company stated Turkey is the country of the future, and therefore, they have chosen Istanbul over London and Hamburg, which were among their investment plans previously.
In related news, The share of foreign investors in the Istanbul Stock Exchange (IMKB) increased to 67.4 percent amounting to TRY 87.2 billion in stock value on January 8, said officials. On December 31, the share of foreign investors was 67.29 percent. (USD 1 = approx. TRY 1.46)
Social BookmarkingMercedes-Benz Turkey has raised its market share in Turkey in the recent five years. Tufan Akdeniz, the company's sales and marketing director announced that Turkey's light commercial vehicles department, said the company's market share was up in Turkey in 2009 despite the global economic crisis, like in the last four years. "We are aiming to maintain a similar uptrend this year", said Akdeniz during a ceremony in the Mediterranean province of Antalya.
Meanwhile, Ilhan Atis, Adana Governor, a city situated on the Seyhan River in south-central Anatolia said that a Singapore-based company is interested in investing in the Ceyhan Energy Specialization Zone. Ceyhan will be one of the most important locations in the future, said Atis, and the Investment plans of the Istanbul-based conglomerate Calik Holding in the area have become definite, he said, adding that foreign companies are also keeping a close eye on the region.This is expected to increase the property prices in the region.
During the investment conference held in Paris, Alpaslan Korkmaz, President of the Prime Ministry Investment Support and Promotion Agency of Turkey (ISPAT) briefed French business people and presented the investment environment and incentives in Turkey. This promotion campaign toward French business community has succeeded in attracting interest to the country, particularly in property investment.
Hong Kong-based Li&Fung Group, the world's largest supply chain, has chosen Turkey as its base for the EMEA region, and has now opened its European regional office in Istanbul. The investment by Li&Fung, which has been announced as USD 700 million, will initially create direct recruitment for 400 people. Victor Fung, Chairman of the company stated Turkey is the country of the future, and therefore, they have chosen Istanbul over London and Hamburg, which were among their investment plans previously.
In related news, The share of foreign investors in the Istanbul Stock Exchange (IMKB) increased to 67.4 percent amounting to TRY 87.2 billion in stock value on January 8, said officials. On December 31, the share of foreign investors was 67.29 percent. (USD 1 = approx. TRY 1.46)
Labels: Investment-property
