3/21/2011

Gulf countries eye new investments in Turkey

Sabah - Turkey’s growing economy and influential status in the region, turn many Gulf investors’ attention to the country. The latest addition to a series of Gulf investors in Turkey, a Qatari firm, Hasat Hud, has applied for land in Turkey to invest in agriculture and animal husbandry. The state supported firm’s application for tens of thousands of acres of land is under evaluation by the Ministry of Finance, while other Gulf nations, facing a surge in global food prices, are likely to seek similar investments in Turkey.

The total value of investments in Turkey coming from Gulf Arab countries has reached USD 30 billion since 2001. The number of Gulf Arab companies operating in Turkey has also doubled in the last eight years, reaching 2,500 from around a thousand in 2003.
turkey; gulf countries; gulf arab funds; arab investments; gulf investments; agriculture; animal husbandry; hasat hud; qatar; arab companies