General Electric to invest 900 million USD in Turkey

Posted on 26 June 2012

Istanbul, 14 June 2012 – General Electric, the US energy, healthcare and infrastructure giant has announced a 900 million USD investment inTurkey. According to John Rice, General Electric’s Vice Chairman, “GE’s planned investments inTurkeybenefit from the opportunities offered by the rapidly growing economy and aligns well with the country’s 2023 vision”. Commenting on the announcementTurkey’s Minister of Economy, Zafer Caglayan, said “Turkey’s new investment incentive scheme appears to have been well-analysed by GE. The aims ofTurkey’s new incentive regime and GE’s investment package is a perfect match”. According to Rice General Electric will “focus on infrastructure and innovation”. Source: Invest in Turkey


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