merlin

Member
Arab investments grow in Turkey....
Since the less-friendly atmosphere in the US and European Union following September 11, 2001, towards Arab investors, Turkey has since a jump in Arab capital in-flow this year. At the end of 2004, around 200 companies with Middle Eastern (ME) origin began operating in Turkey. A total of $42 million was invested by ME companies in 2004.

Companies backed by Arab capital have invested mainly in telecommunications, tourism, infrastructure and finance. Other factors in this spike include, capital restrictions on Arabs, Turkey’s accelerated privatization process, and strengthened relations between Turkey and Arab countries.

But running first in foreign investment, European Union countries still hold fist place – with 72% of investments.


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