7/13/2012

Global giants embark on Istanbul

Sabah - Young population, growing economy and logistics status are seen as the most important factors for foreign companies to include Turkey in their investment geography. The recent study made by the US research and consultancy company Colliers emphasized Turkey’s boosting economic power in its region and stressed that the crisis-hit Europe will seek its future in the Asia-Middle East line, and therefore Turkey will be attached more significance than ever. According to the global consultancy company Colliers, Turkey will stand out as one of the most important logistics centers in Europe; Istanbul will come into prominence in land and rail transportation, while Izmir and Mersin will also rank amongst important logistics hubs.

 

Collier’s recent report showing the projected changes in the European logistics lines till 2020 attracted great interest by foreign transportation companies, leading them either to take a decision to enter Turkey or to expand their existing investments in the country. Following Australian giant Toll Global, German Hoyer Group has become the latest addition to the list of foreign investors in the Turkish logistics market. The Hoyer Group is currently holding talks with the Istanbul-based freight forwarding and transport company Aktifsped Uluslararasi Nakliyat to acquire a 51 stake in the company.

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