Skip navigation links
Press Releases
News from Turkey
Upcoming Tenders
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
Turkey’s urban transformation project watched by investors – ISPAT President 

Yeni Safak – Turkey’s multibillion-dollar urban transformation project, which sees the demolishing and renewing of millions of buildings deemed to be unsafe in the country’s earthquake-prone provinces, is gathering investor interest on a global scale, the President of the Investment Support and Promotion Agency of Turkey (ISPAT) and the Vice-President of World Association of Investment Promotion Agencies (WAIPA), Ilker Ayci, has said at a meeting with the Turkish press.

Estimated to create a market of about USD 500 billion in volume within the next decade, Turkey’s urban transformation is the center of attention for the world’s leading construction companies, Ayci said, adding that the Agency was getting increasing numbers of enquiries from foreign builders seeking cooperation with Turkey’s Housing Development Administration (TOKI) and its subsidiary Emlak Konut, a real estate investment trust. Drawing attention to the size of the urban renewal project, Ayci said that construction machinery manufacturers were also likely to invest in the country in the near future.

Providing insights on foreign direct investment (FDI) into Turkey in 2013, ISPAT head pointed at the new entries in the country’s finance sector, namely the Bank of Tokyo-Mitsubishi UFJ (BTMU), which was granted a Turkish banking license late last year. New foreign entrants are also expected in Turkey’s insurance industry, Ayci remarked. Turkey is also in investor scope for its shale gas potential, as newly found evidence indicates large reserves of the unconventional fossil fuel in the provinces of Konya, Ankara and Kirsehir. Royal Dutch Shell is actively exploring for shale gas in Diyarbakir province.

“On constant duty all over the world to promote Turkey’s investment environment, ISPAT staff present specific projects in the country’s hottest sectors tailored to the best interests of potential investors..” ISPAT President said as he explained the Agency’s methods for attracting FDI. Turkey left behind its regional competitors such as Poland, Czech Republic and Romania in FDI inflows in 2012, Ayci continued, stating that ISPAT would play an active role in Turkey’s privatization program, particularly in the upcoming tenders of the country’s energy industry.

Turkey plans to privatize its remaining state-owned power generation and distribution companies in 2013.

22.02.2018 Turkey looks to secure additional FDI from Italy
10.02.2018 Japan’s Mitsubishi Electric commissions new plant in Turkey
08.02.2018 Ispat offers UK investors insight into Turkey’s investment environment
07.02.2018 President Erdoğan meets Italian investors, calls for more investment
17.01.2018 Stronger Qatar-Turkey ties, stronger region
12.01.2018 German media gets first-hand insight into Turkey’s business climate
05.01.2018 President Erdoğan sets target of EUR 20 billion in Turkey-France trade volume
11.12.2017 Turkey - fastest growing G20 country
06.12.2017 Turkey expands investment ties with South Korea
01.12.2017 Istanbul Consular Corps and Ispat boost collaboration
1 2 3 4 5 6 7 8 9 10