Hurriyet English
Oluşturulma Tarihi: Eylül 01, 2008 17:28
Turkey is becoming a magnet for Gulf-based investors as increased in oil prices continue to boost the income of Persian Gulf nations.
Gulf-based capital investment volume reached $30 billion in Turkey's finance, healthcare, real estate and media sectors, Referans daily reported.
According to Treasury data, 2,430 Gulf-based firms entered Turkey's market in the last eight years, while the number of the Gulf-based firms investing in Turkey was 1,014 in 2003, the figure climbed to 2,430 as of the end of the June in 2008.
The number of Gulf capital-based investments in Turkey increased 140 percent in the last five years. There are 959 Iranian, 542 Iraqi, 247 Israeli, 157 Saudi Arabian, 121 Lebanese and 52 Kuwaiti companies currently operating in Turkey, while the number of companies from the United Arab Emirates increased to 60 and those from Jordan increased to seven, as of June.
The recent global rise in food prices has caused Gulf countries to accelerate their pursuit of investments in the agriculture sector. Countries such as the United Arab Emirates, Qatar, Bahrain and Saudi Arabia began to focus on agricultural investment projects in Turkey.
Photo: AP
