Turkey, popular destination for heavy construction equipment investments

Bugun – Rizanur Meral, Chairman of the Construction Equipment Distributors and Manufacturers Association of Turkey (IMDER), said Turkey will become a center of attraction for heavy construction equipment investments after the global economic crisis. “In particular”, he said, “the European countries want to establish cooperation with Turkey due to its proximity and quality production.” Meral said some European companies may close their factories, moving their production facilities to Turkey, and added, “The production costs in Turkey are far below those in Europe, whereas China is not as attractive a market as it has been. Foreign investors, who are waiting for the global crisis to come to an end before moving ahead with new investments, are visiting Turkey and seeking areas. A total of 50 companies have contacted us so far.”