11/22/2022

Investment Office Meets Major Spanish Companies at A Roundtable

Investment Office President A. Burak Dağlıoğlu met with representatives of major Spanish companies with investments in Türkiye, including Ferrovial, Mapfre, Alstom, Cohemo, Acciona, Gransolar, Navantia and Renfe, at a roundtable meeting held at the Spanish Confederation of Business Organizations (CEOE) headquarters in Madrid.
 
The roundtable meeting, attended by Türkiye's Ambassador to Madrid ​Burak Akçapar, Investment Office Country Advisor to Spain ​Yasemen Korukçu, and CEOE International President Marta Blanco, focused on Türkiye's resilient economy and the numerous opportunities it offers in the global supply chain transformation, with reforms in priority areas such as sustainability, green energy transition, and digitalization being the highlights.
 
In his remarks, Dağlıoğlu said Türkiye adds significant value to international investors and added, "Higher and more stable growth rates compared to other countries in the region, reforms implemented to facilitate business procedures since 2003, the availability of qualified employees in both manufacturing and R&D all stand out as Türkiye's global value policies that it has shaped to gain its rank in global supply chains."
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Dağlıoğlu stated that there are 540 R&D centers in Türkiye, with a substantial boost in manufacturing activities, and that Türkiye is pursuing high-tech investments, prioritizing sustainability. He added. “It is unavoidable that global value chains will increasingly favor Türkiye in the future."
 
Spanish FDI into Türkiye has totaled USD 11 billion over the past decade while more than 700 Spanish companies are operational in the country.
 
According to recent FDI data, Spain was the top source of FDI in Türkiye with USD 1.5 billion during the first nine months of 2022. 
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CEOE; Spain; sustainability; green energy transition; digitalization