Globalturk Capital Hosts 2024 Outlook Event on Türkiye's Investment Landscape in London

Globalturk Capital, in collaboration with the London Stock Exchange Group and in a strategic partnership with Invest in Türkiye and GPCA, hosted the "2024 Outlook on Investments and Private Capital Going Public in Türkiye and Environs" event in London. The event was graced by the presence of Cevdet Yılmaz, the Vice President of the Republic of Türkiye, and Investment Office President A. Burak Dağlıoğlu.

The event commenced with opening remarks by Barış Öney, Founder and Managing Partner of Globalturk Capital, followed by keynote speeches from prominent figures such as Cevdet Yılmaz, Turkish Vice President, Ahmet Burak Dağlıoğlu, President of Presidency of The Republic of Türkiye Investment Office, and Minister of State at the Department for Business and Trade Nusrat Ghani.

At the event, Cevdet Yılmaz highlighted Türkiye's economic resilience, projecting a 4.8 percent growth rate for the year, surpassing the USD 1 trillion threshold for the first time. He noted that despite challenges like the earthquake and high import demand, Türkiye has made improvements in its current account deficit, attributed to President Recep Tayyip Erdoğan's fiscal discipline. The Vice President added that Central bank reserves have increased to USD 130 billion, and Türkiye has attracted over USD 260 billion in foreign direct investments (FDI) over the last decade. Yılmaz emphasized reducing inflation to single digits and achieving 4 percent growth in 2024, stressing the importance of fiscal discipline and structural reforms.

Yılmaz further referred to the Economic Coordination Council, which supports structural reforms and fosters a business-friendly environment in Türkiye. He concluded by stating that Türkiye offers a significant window of opportunity for investors, emphasizing that companies investing in Türkiye are regarded as international direct investments, operate under the same rules and legislation as Turkish companies.

Speaking at the event, A. Burak Dağlıoğlu elaborated on Türkiye's economic transformation and future vision, aiming to elevate it to a high-earning economy in the next five years. He emphasized Türkiye's commitment to global value chains and increasing its share of global FDI. Dağlıoğlu outlined a reform agenda focused on digitalization and green initiatives, stressing that Türkiye is dedicated to achieving net-zero emissions by 2053. He expressed confidence in Türkiye's potential to emerge as a global economy, leveraging its current position as the 17th largest economy and 11th highest GDP per capita (PPP).

During the event, Minister Nusrat Ghani highlighted Türkiye's significance as a prime international investment destination, noting the robust investment ties between the UK and Türkiye. She emphasized the pivotal role of investments in job creation and fostering strong relations, citing the ongoing talks for a new trade agreement between the UK and Türkiye. Ghani also commended Türkiye's role in Islamic and green finance, expressing optimism for increased bilateral trade. She concluded by voicing her hope that the event would be instrumental in achieving these goals.

Over 330 participants attended the event, including 155 investors from various sectors such as development finance institutions, limited partners, family offices, general partners (private equity, private credit, venture capital), 80 legal investment management advisors, financial services, human resources, 30 corporate representatives, 10 NGOs, academia, business association representatives, 30 state representatives, and 10 media representatives. Following the main event, a private and invitation-only Round Table Q&A Session was held with Mr. Cevdet Yılmaz and A. Burak Dağlıoğlu, where 20-25 top executives had the opportunity to engage in discussions.

In this private session, Dağlıoğlu highlighted the event's success in bringing together the investment world under the strategic partnership of the country's esteemed Vice President. “Türkiye has positioned itself as a regional hub and an attractive destination for international investment, thanks to its prioritization of digital and green transformation, integration into global supply chains, qualified human resources, strategic geographical location at the intersection of three continents, and robust logistics, energy, and digital infrastructure," noted Dağlıoğlu, concluding his speech by noting Türkiye's growing entrepreneurial spirit which, combined with the advantages he listed, has set Türkiye apart from the rest of the world on the path to achieving President Erdoğan's 2053 vision goals.
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Türkiye; Globalturk; LondonStockExchange; Investment