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Tag Archives: Investment

Turkey attracts 6.5 billion USD of foreign investment in first 5 months of 2012

Istanbul, 16 July 2012 – Mr Zafer Caglayan, Turkey’s Minister of Economy, has announced that Turkey attracted 6.5 billion USD of Foreign Direct Investment (FDI) in first 5 months of 2012 showing an increase of 11 percent over the same period in 2011. According to Caglayan, Turkey is attracting the...

Posted on 24 July 2012

Dubai’s largest real estate company to invest again

Istanbul, 13 July 2012 - Emaar, Dubai’s biggest real-estate company, has purchased 430 million USD of land in the Camlica district of Istanbul. This is Emaar’s second major investment in Turkey. The company is to build a 145,000 m2 shopping mall and business centre together with 1,000 houses. The complex...

Posted on 20 July 2012

Lebanese Bank to double its Turkish investment

Istanbul, 12 July 2012 - Odea Bank, part of the Lebanese Bank Audi, is set to increase its capital from 300 million USD to 600 million USD according to Huseyin Ozkaya, Odea’s General Manager. Commenting on the increase Ozkaya said  “We are going through a very serious test phase. We...

Posted on 20 July 2012

US cosmetics manufacturer eyeing up Turkey

Istanbul, 11 July 2012 – The Farouk Shami Group, the US cosmetics company, is eyeing up the Turkish market. Group Chairman Farouk Shami said “We would like to invest in Turkey. It might take place anywhere in Turkey, particularly Istanbul. We aim at pushing the button as soon as possible...

Posted on 20 July 2012

France’s Alstom interested in Turkey’s new high-speed train programme

Istanbul, 10 July 2012 -France’s Alstom Transport is keeping a close eye onTurkey’s new high speed train projects. Arda Inanc, General Manager of Alstom Transport in Turkey, said “Alstom Transport Turkey is working for sustainable growth. The number of our employees in Turkey hit 1,200, while we posted 407 million...

Posted on 20 July 2012

Hyundai Assan benefits from Turkey’s new incentives

Istanbul, 9 July 2012 - Hyundai Assan the leading South Korean company, will be the first company to receive the benefits from Turkey’s new investment incentives scheme. With a total investment of approximately 550 million USD Hyundai intends to increase production at its Izmit factory in NW Turkey from the...

Posted on 20 July 2012

Honda considers restarting motorcycle production in Turkey

Istanbul, 6 July 2012 - According to Hideto Yamasaki, Honda Turkey’s General Manager, Honda is investigating increases to its Turkish manufacturing plants in Gebze and Kocaeli as well as reopening its motorcycle manufacturing in Turkey. “Honda is considering to increase its production level in Turkey and the appreciating yen makes...

Posted on 09 July 2012

US giant diesel maker launches new Turkish factory

Istanbul, 4 July 2012 - Cummins, the leading US diesel engines and engine components maker, has launched its new diesel filter production facility in the Aegean Free Zone in Izmir on Turkey’s western coast. Commenting on the opening, Joseph Saoud, Cummins Filtration President, said “The selection of Turkey and Izmir...

Posted on 09 July 2012

Turkey’s Ford Otozan now exporting engineering services

Istanbul, 3 July 2012 - Ford Otosan, the Turkish-US joint venture,  is now making its engineering services to the whole of Ford Group with the “Made inTurkey” label. According to Haydar Yenigun, the company’s Director General, the JV’s Gebze Engineering Centre exported services worth 50 million USD last year.  Commenting...

Posted on 09 July 2012

South Korean group to invest in Turkey

Istanbul, 28 June 2012 - The South Korean group LG Corp is looking to set up in Turkey according to Calvin Cho, LG Turkey President. “LG has been mulling production in Turkey for a long time. The new investment incentives are very encouraging in this regard” said Cho. According to...

Posted on 29 June 2012