Posted on 14 February 2011
Leading Turkish industrialists to invest USD 45 billion in five years
As the effects of the global financial crisis have waned, leading Turkish companies have resumed implementation of their growth plans. Turkey’s major companies such as Koc, Sabanci, Zorlu, Akkok, Fiba, Eczacibasi, Sanko and Alarko are set to invest USD 45 billion over a period of five years. The projected investments will have a positive effect on the employment in the country, creating several thousand jobs.
Koc Group already made investments worth TRY 1.7 billion last year, and will now increase this amount to TRY 2.2 billion in 2010, while it will raise the number of its employees to over 70,000. Sabanci Group will also make USD 1.6 billion worth of new investments and employ 2,800 new people, thus taking its work force to 58,000 people. Turkey’s booming energy industry is expected to be the magnet for new investments, followed by the tourism and real estate sectors.
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