3/26/2010

Saudis keen on Turkish privatizations, infrastructure projects

   

Aksam - Saudi interest in Turkey’s various infrastructure and privatization projects has risen to a higher level as Amr Al-Dabbagh, Governor and Chairman of the Saudi Arabian General Investment Authority (SAGIA) visited the Turkish capital of Ankara. Meeting with Prime Minister Recep Tayyip Erdogan and Minister of Finance Mehmet Simsek, Al-Dabbagh was also accompanied by Saudi Arabia’s prominent investors who are eager to engage in projects in the fields of agriculture, food processing, real estate and infrastructure. The Saudi Arabian General Investment Authority is seen as an important institution that operates directly under Saudi King Abdullah.

 

Hotel chains, infrastructure projects like the third bridge over the Bosphorus and port projects are being carefully considered by Saudi investors who also expressed interest in power generation and distribution investments.

 

Speaking of Dabbagh’s visit to Ankara, Alpaslan Korkmaz, President of the Investment Support and Promotion Agency of Turkey (ISPAT) said that his Saudi counterpart’s visit was very productive and that they have agreed on establishing close contacts. Stating that the Saudis are mainly interested in large scale projects, Korkmaz added, “We will visit Saudi Arabia in a few months to better promote the investment opportunities Turkey offers.”

saudi investments; turkey; ispat; alpaslan korkmaz; Amr Al-Dabbagh; agriculture; food processing; privatization; energy

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