6/21/2010

Foreign investor fervor for Turkey resumes

 

Bugun - Turkey is once again the favorite country for foreign investors. According to the Investment Support and Promotion Agency of Turkey (ISPAT), the number of companies interested in investing in Turkey is on the rise. The National Bank of Kuwait (NBK), the shareholder of Turkish Bank, is now interested in Tekstilbank and Anadolubank. Meanwhile, Kuwait Investment Administration, which has acquired Cevahir Shopping Mall, is now considering taking part in healthcare and hotel projects. Japan’s Toshiba Corporation is also interested in nuclear energy projects in Turkey. The global hotel chain Oberoi will build a five-star hotel in Istanbul, with additional hotel projects in Antalya, Izmir and Ankara in the pipeline. The Indian software giant Wipro is another global name to be investing in Turkey.

Turkey; ISPAT; foreign investor; FDI; banking sector; Kuwait; Toshiba; Wipro; Oberoi

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