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Tag Archives: Investment

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

South Korean bank to open office in Turkey

Istanbul, 11 September 2012 - Speaking at a recent press conference, Yun Yong-ro, CEO of Korea Exchange Bank, said the bank is considering applying for banking licence in Turkey, If it goes ahead it will be the South Korea’s first bank to establish a bank in Turkey. Korea Exchange Bank...

Posted on 18 September 2012

Shale gas exploration starts in Turkey

Istanbul, 5 September 2012 - TPAO,Turkey’s state owned oil company, in conjunction with Shell has begun exploring for shale gas in the Anatolian province of Turkey. At a recent meeting with Taner Yildiz, Turkey’s Minister of Energy, Shell CEO Peter Voser said “Shell is pleased to work with TPAO on...

Posted on 12 September 2012

US companies to invest in Turkey’s solar energy

Istanbul, 31 August 2012 - International Capital Alliance and International Solar Electric Technology of the US has announced plans to form a JV to invest in solar photovoltaic panels production in Turkey. The new JV company is also planning to set up a 200 MW solar farm. The initial investment...

Posted on 04 September 2012

New Turkish industrial complex project to start in 2013

Istanbul, 30 August 2012 – The new Filyos Valley industrial complex at Caycuma in the western Black Sea area is set to begin in 2013. The complex will consist of a port, industrial areas, including iron-steel foundries, shipbuilding facilities and cement plants, power plants and dams. Commenting on the project...

Posted on 04 September 2012