France's Danone plans $3 billion investment in southeastern Turkey

Turkey has recently signed an agreement with a foreign company that will invest $3 billion in the southeastern city of Diyarbakir, Agriculture Minister Mehdi Eker told lawmakers in the Ankara parliament, Milliyet said.

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"Especially Gulf and Middle East countries have been looking for places to make production after the food crisis... Recently we had signed a project of $3 billion investment in Diyarbakir with a group," Eker was quoted as saying.

 

The company in question is Danone, the newspaper said. Paris-based Danone has won Turkish approval for the investment and is waiting for the Finance Ministry to rule on whether it qualifies for incentives that are offered to Turkish companies making similar investments, the report added.