Skip navigation links
Press Releases
News from Turkey
Publications
Upcoming Tenders
Links
Videos
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
News
 
Turkey’s urban transformation project watched by investors – ISPAT President 
22.02.2013

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.

22.09.2017 President Erdoğan addresses key US investors at executive meeting in New York
20.09.2017 Turkven and Sancak Group invest in MNG Kargo
13.09.2017 Austrian Hamburger Containerboard invests EUR 300 million in greenfield paper mill
13.08.2017 Investors ramp up investments, continue to show confidence in Turkey's economy
08.08.2017 Turkish-German consortium to build Turkey’s largest combined wind power plants
05.08.2017 Abraaj Group invests in Turkish Netlog Logistics
21.07.2017 Deals inked for another milestone in city hospitals project
11.07.2017 Turkey attracts one of the world’s top manufacturers of wind turbine blades
21.06.2017 World Investment Report: Turkey most active country in promoting investments
13.06.2017 Turkey in play again with robust growth rate
<<
1 2 3 4 5 6 7 8 9 10
>>