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Tag Archives: Investment

Dubai developer launches second project in Istanbul

Istanbul, 22 October 2012 - Dubai’s Emaar Properties is set to build a new development in Istanbul with over 1,000 luxury homes, a 190-room 5 Star hotel, offices, a shopping mall and a leisure complex with an underwater zoo, family entertainment complex, ice skating rink and movie theatre. The centre...

Posted on 23 October 2012

Saudi company invest 1 billion USD in Turkey

Istanbul, 21 October 2012 – The ALJ Holding Group from Saudi Arabia has announced plans to invest 1 billion USD in Turkey. According to ALJ Holding Chairman and Chief Executive Officer, Ali Haydar Bozkurt, “We’ve always put Turkey at the centre of our targets and have worked with this in...

Posted on 23 October 2012

Turkey’s exports increase again

Istanbul, 20 October 2012 - According to data released by the Turkish Exporters’ Assembly exports increased by 7.4 percent to 11.4 billion USD in September 2012 compared with the same period in 2011. Exports for the first 9 months of 2012 have increase by 12.1 percent over the same period...

Posted on 23 October 2012

Chinese power plant equipment maker joins forces with local Turkish partner

Istanbul, 20 October 2012 - Harbin Electric, China’s largest power plant equipment manufacturer, has entered into a JV with one of Turkey’s Hattat Holdings subsidiaries to manufacture of boilers, generators and turbines used in power production industry. The new factory will be located in western Turkey and completed by 2014,...

Posted on 23 October 2012

Bank of China and Akbank form partnership

Istanbul, 19 October 2012 - To help Chinese companies and investors Akbank and Bank of China have joined forces through a “Chinese Business Desk” in Istanbul. Over 450 Chinese companies have invested in Turkey with bilateral trade between China and Turkey reached 24 billion USD in 2011. Source: Invest in...

Posted on 23 October 2012

Japanese giant to invest 500 million USD for tyre manufacuring in Turkey

Istanbul, 24 September 2012 – Sumitomo Rubber, the giant Japanese tyre manufacturer, has announced plans to invest 500 million USD in a new factory in Cankiri in the Central Anatolian area of Turkey. The new factory, being built in partnership with Abdulkadir Ozcan AS, is expected to export 90 percent...

Posted on 22 October 2012

UK’s RES Energy is to invest over 60 million GBP in wind energy in Turkey

Istanbul, 21 September 2009 - It has recently been announced the British renewable energy group RES is set to invest over 60 million GBP in a 48 MW wind energy plant close to Samsun on the Black Sea coast of Turkey. Construction is set to start in 2014 and will...

Posted on 22 October 2012

Kuwaiti and South Korean companies join forces to invest in Turkey’s solar power

Istanbul, 15 September 2012 - A group of South Korean companies, CX Concentrix Solar Korea, Kincoa and KEPCO have joined force with a Kuwaiti company, As Yatırım, to build a 150 MW solar power plant costing about 450 million USD. As Yatırım’s CEO and partner, Ugur Akkus, said “We plan...

Posted on 18 September 2012

Foreign direct investment into Turkey continues apace

Istanbul, 13 September 2013 - According to recently released data foreign direct investment to Turkey was 8.9 billion USD to the end of July 2012, of which over 75 percent originated from Europe with the UK being the largest with nearly 2 billion USD. Commenting on the performance, Zafer Caglayan,...

Posted on 18 September 2012

Turkey increasing component supplies to Airbus

Istanbul, 12 September 2012 - Turkish aerospace companies are playing an increasing role in supplying aircraft parts and components to Airbus’ various military and civil projects. Joint ventures signed between the Turkish aircraft industry and Airbus is creating 2,500 new jobs and is likely to be worth 2.4 billion USD....

Posted on 18 September 2012