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Tag Archives: Investment

UAE hotel group to manage Turkish hotel

Istanbul, 10th May 2012 - Thanks to the continuing relaxation of visa requirements for citizens of the Arab countries, Turkey is expecting a large increase in tourists from those countries. UAE based Rotana Hotels has recently signed an agreement with Turkey’s Rhossos Tourism to manage its 300 bed hotel aimed...

Posted on 24 May 2012

Honda considering new Turkish motorcycle

Istanbul, 9th May 2012 - Honda as part of its global restructuring is considering the adding motorcycling manufacture to its plant at Sekerpinar in Turkey’s north east. According to , Kadir Kutluay, Honda Turkey Vice President, the company is investigating the manufacture of a 100cc machine for the local Turkish...

Posted on 24 May 2012

US Caterpillar equipment maker looking at investment opportunities in Turkey

Istanbul, 24 May 2012 - According to Nihat Ergun,Turkey’s Minister of Science, Industry and Technology, US heavy equipment maker Caterpillar has indentified Turkey for its investment strategy. Caterpillar has been impressed withTurkey’s new investment incentive scheme and were briefed about the new schemes during Turkey’s President Abdullah Gul’s recent visit...

Posted on 24 May 2012

Saudi polypropylene company to invest in Turkey

Istanbul, 30 April 2012 - One of Saudi Arabia’s fastest growing companies Advanced Petrochemical Company is planning to build a polypropylene production plant in Turkey. Expected to open by 2015 the plant will one of its key plants outside the company’s home country. The new venture will be in partnership...

Posted on 03 May 2012

French pharmaceutical company relocates its regional centre to Istanbul

Istanbul, 26 April 2012 - Sanofi, the French pharmaceutical company, has decided to relocated its regional management team based in Dubai to Istanbul under its restructuring programme. Stephen Cobham, Sanofi’s Vice President for Turkey and the Middle East, said “Turkey’s quality labour force and sound scientific base, combined with medical...

Posted on 03 May 2012

US biotechnology company buys Turkish generics drug maker

Istanbul, 25 April 2012 - Amgen, the US biotechnology company, is to acquire over 95% of Mustafa Nevzat Ilac a Turkish generic drug manufacturer. The acquisition worth about 700 million USD will increase Mustafa Nevzat’s presence in the emerging markets in the region and Africa. Commenting, Bob Bradway, Amgen’s Chief...

Posted on 03 May 2012

FDI 25% up in first 2 months of 2012

Istanbul, 24 April 2012 - Turkey's foreign direct investment has increased by 25% in the first two months of 2012 reaching 1.6 billion USD of which property sales to foreigners represented 19% of the total. Property rentals and business investments more than doubled from the 2011 figures, the manufacturing sector...

Posted on 30 April 2012

Chinese Huawei set to increase investments in Turkey

Istanbul, 23 April 2012 - According Sun Ming, Regional Director of Huawei - the second largest wireless networking seller in the world - the company is set to increase its investment in Turkey. Commenting on the move Ming said “Turkey hosts Huawei’s second largest R&D center outside China and serves...

Posted on 30 April 2012

US & Canadian big business looks to Turkey

Istanbul, 20 April 2012 - Speaking in Washington on a recent visit to business leader in the US, Mr Zafer Caglayan, Turkey’s Minister of Economy, said that US companies were looking to take advantage of the new business incentives Turkey had introduced and the new education project in Turkey. Caglayan...

Posted on 30 April 2012

Turkey & US expects doubling of trade by 2014

Istanbul, 19 April 2012 - Speaking at a recent event organised by Turkish Confederation of Businessmen and Industrialists and Center for American Progress in Washington, John Bryson, the U.S. Secretary of Commerce, said Turkey and the US have started seeing the fruits of closer business relationship. “Ankara's goal to push...

Posted on 30 April 2012