ISPAT calls on Italian companies to invest in Turkey

In a seminar in Italy’s capital Rome organized in collaboration with the Italian Employers Federation (Confindustria), the Investment Support and Promotion Agency of Turkey (ISPAT) has invited Italian companies to invest in Turkey’s growing economy.

Focusing on infrastructure, renewable energy and healthcare sectors, the seminar brought together 50 Italian companies and ISPAT staff to confer on the investment opportunities in Turkey as well as the incentives provided for investors in the country.

Speaking at the event, ISPAT President Ilker Ayci said that the Italian companies’ dynamic nature and fast adaptation capability to local business culture were proving to be a winning combination in the equally dynamic Turkish market.

“Turkey is not only a gateway to surrounding markets in the Middle East, Caucasus and Central Asia but also has a huge domestic market with a population of 75 million - half under the age of 29 - a solid financial system, and a consistently growing economy”, Ayci said, highlighting Turkey’s potential for foreign investors.

Also serving as the President of World Association of Investment Promotion Agencies (WAIPA), Ayci said that the healthcare sector in Turkey presented many opportunities thanks to last year’s reforms that give access to public-private partnerships in proving healthcare services.

Turkish-Italian trade volume reached USD 18 billion in 2013 with over 1,000 Italian companies operating in Turkey. The Italian pharmaceutical company, Recordati, announced a manufacturing investment worth USD 50 million in Turkey last month.

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