Daily Management Review

Turkish President sets to attract $50B of investment from Gulf countries to Turkey


07/17/2023


The Turkish president is expected to sign deals in the energy, transportation, and defense sectors during his trip to Qatar, Saudi Arabia, and the United Arab Emirates, reports the Hürriyet daily.



kremlin.ru
kremlin.ru
Over $50 billion in investment deals are anticipated to be completed during Turkish President Recep Tayyip Erdogan's visit to the Gulf states, reports Hürriyet newspaper, stating that the Turkish government had initially intended to sign investment agreements worth $40 billion.

From July 17 to 19, Erdogan plans to travel to the countries of Qatar, Saudi Arabia, and the United Arab Emirates, which Vice President Cevdet Yilmaz and Finance Minister Mehmet Şimşek visited last week on his behalf. The Turkish president previously told reporters that he anticipates "serious investments" in the nation, although he did not specify their amounts.

Hürriyet reports that agreements in the fields of energy, transportation, and defense will be signed during the visits, both for specific projects and for direct, long-term investments in Turkey.

source: hurriyet.com.tr