Friday, 24 January 2014

Fresh into the dairy industry, Abraaj eyes new opportunities in Turkey

Impressed by Turkey’s strong economic foundations, robust demographics, growing middle class and geostrategic location, Dubai-based private equity investor, the Abraaj Group, is set to continue investing in Turkey.

The group has invested in eight Turkish companies to date in a number of sectors including healthcare, energy, yacht building and the food industry. Its latest acquisition of the majority stake in dairy products maker Yorsan has given the Dubai-based investor a solid foothold in Turkey’s growing food industry and a new opportunity to reach surrounding markets.

“The Yorsan acquisition shows Abraaj’s commitment to long-term investments in Turkey. The country has experienced rapid growth in the last decade and will continue to do so. The combination of favorable demographics, an expanding middle class with an increasing purchasing power and key geographic location equals an ideal investment location. Abraaj actively seeks new investment opportunities in Turkey” said the Abraaj Founder, Arif Naqvi, following the company’s latest investment in Turkey.


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