The Investment Support and Promotion Agency of Turkey (ISPAT) held a roadshow in Asia the week of October 16-20 in order to meet with investors in South Korea and China.
The itinerary kicked off with roundtable and one-on-one meetings with investors and journalists in the South Korean capital of Seoul on October 16. ISPAT President Arda Ermut also attended the ISPAT and the Korea Chamber of Commerce & Industry’s (KCCI) exclusive business seminar entitled “Turkey as a Strategic Investment Hub” that same day.
During his address to the South Korean investment community, ISPAT President Ermut said, “Almost 30 percent of Turkey’s infrastructure investment need till 2023 is expected to be made through PPP model mega projects. We hope all these projects will further increase the FDI stock of South Korean companies in Turkey, which is already at the USD 2.2 billion level as of the frst half of 2017. South Korea is a target country for Turkey; we aim to add new investors to the current 326 South Korean companies operating in Turkey.”
Ermut was also a speaker together with Kibar Group CEO Tamer Saka on a panel entitled “Cashing in on a Strategic Investment Hub: Turkey’s Path” at the 18th World Knowledge Forum on October 17 in Seoul. During the session, Ermut particularly focused on Turkey’s remarkable progress in recent years and on multinational corporations’ main motives for selecting Turkey as an FDI destination. “Turkey is a dynamic country with a young population and a growing workforce, on the threshold of a huge transformation that will change its role in the global economy,” explained Ermut.
The second leg of the roadshow saw ISPAT holding the “Turkey Investment Forum” in Shanghai, China, in cooperation with the Shanghai Overseas Investment Development Board (Invest Shanghai). The purpose of the forum was to showcase to the Chinese investment community the numerous investment opportunities available in Turkey. Ermut’s welcome remarks at the forum touched on the bilateral investment and trade ties between the two countries. Among the keynote speakers at the forum were Invest Shanghai President Sun Xinhua, Consul General of the Republic of Turkey in Shanghai Sabri Tunç Angılı, Mazars Denge Partner Ferrah Sefer Kurdoğlu and Mazars Denge China Desk (Turkey) Coordinator Halil İbrahim Topal, as well as ICBC Turkey Chairman
Xu Keen and ZTE Group Vice President Li Ming, both of whom presented on their frst-hand investment experience in Turkey.
The program in China also featured an MoU signed with ISPAT and Invest Shanghai, multiple interviews with the members of the press, and site visits to ZTE’s and Huawei’s R&D Center in Shanghai. The ISPAT delegation then headed to Japan to conclude the third leg of the Asian roadshow.