Spanish investors eyeing Turkey

Milliyet – Spanish companies are keeping a keen eye on Turkey for investments, with at least 3 large scale ones in planning stage, Turkey’s Minister of Economy, Zafer Caglayan said following a high-level meeting in Spain.

“The number and size of Spanish investments in Turkey is expected to rise.” Caglayan said in a written statement after an official visit to Spain led by Prime Minister Recep Tayyip Erdogan earlier this week.

Accompanied by a delegation of government officials and businessmen, Erdogan attended a conference on Turkey’s investment opportunities organized by the Ministry of Economy, the Investment Support and Promotion Agency of Turkey (ISPAT), the Turkish Embassy in Madrid, the Spanish Confederation of Business Organizations (CEOE) and BBVA.

BBVA, CAF, Inditex, Mapfre, Essentium, Comsa, Mango, Tecnicas Reunidas and Gestamp companies, operating in banking, insurance, transportation, textile and automotive sectors in Turkey are among the successful Spanish businesses operating in Turkey. “These companies expressed their willingness to increase their investments in Turkey while several others are planning to invest in Turkey.” according to Caglayan’s statement.

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