12/25/2009

President Gul invites Kuwaiti businessmen to invest in Turkey

 

AA - Turkey’s President Abdullah Gul invited Kuwaiti businessmen to invest in Turkey. Addressing the Turkish-Kuwaiti Businessmen Forum hosted in the Kuwaiti Chamber of Industry and Commerce, Gul said there is a huge business potential between the two countries and room for cooperation in all areas.

 

Gul said Kuwait should choose countries with low-risk profile for investment destinations. He pointed out that Turkey is a suitable country for investments, with great potential for economic growth and minimized level of risks, thanks to reforms implemented. Gul also highlighted that Kuwait plans USD 160 billion worth of infrastructure investments over the next five years, underlining that there are also business opportunities for Turkish entrepreneurs in Kuwait.

 

Also speaking during the forum, President of Turkey's Union of Chambers and Stock Exchanges, Rifat Hisarciklioglu said the trade volume between the two countries, which currently stands at the level of around USD 500 million in 2008, is not enough. He added that Turkey is in a position to offer great opportunities to foreign investors in the areas of real estate, logistics and tourism adding that Turkish businessmen could partake in infrastructure investments in Kuwait.

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