6/10/2010

“Turkey in the league of major FDI receiving countries”

 

Sabah - Kuwaiti Al-Shaya Group’s Chairman Mohammed Al-Shaya, a participant of the Sixth Investment Advisory Council for Turkey meetings, said Turkey has taken major steps in improving its investment environment and can now be considered as one of the few destinations suitable for foreign direct investments (FDI). The Investment Advisory Council meetings gather together government, private sector bodies and international companies to discuss Turkey’s investment environment.

 

Active in Turkey since 2002, Al -Shaya Group’s investments in Turkey consist of 11 international brands, including Starbucks, Topshop, Evans and The Body Shop. A frequent participant in the highest-level annual meetings to discuss Turkey’s progress in attracting FDI, Mohammed Al-Shaya’s observations also draw attention to Turkey’s role in the region and to the fact that the country is seen as a strategic leader in the Middle East and North Africa. “Strong economic performance has repositioned the country in the region and in the world. Consequently, the increasing amount of investments has placed Turkey in the league of major FDI receiving countries”, said Al-Shaya.

 

Stating that the annual meetings of the Investment Advisory Council have a positive influence on foreign investors in terms of increasing investments in Turkey, Al-Shaya pointed out the importance of government-investor dialogue. “Turkey has become a regional power base, succeeding in its policy to attract foreign investments. Despite the existence of alternatives, Turkey has managed to become the favorite location for foreign investors”, he added.

Turkey; FDI; foreign investment; Investment Advisory Council; Al-Shaya; regional leader; investment climate

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