Friday, 12 February 2016

Turkey is popular with Gulf-based real estate investors





Habertürk News - 10.02.2016

Following a series of investment promotion meetings organized by the Investment Support and Promotion Agency of Turkey (ISPAT) in London, UK and Davos, Switzerland, Turkey’s Prime Minister Ahmet Davutoğlu set off for the Gulf region. Addressing executives from Saudi Arabia’s 20 leading companies at a meeting in the country’s capital, Riyadh, Davutoğlu said that the two countries have several areas of cooperation and complement each other in many ways.

Highlighting Turkish contractors’ international expertise in construction projects, Davutoğlu suggested that there are opportunities for collaboration in that sector between Turkey and Saudi Arabia. “Turkish contractors are well-known in the world,” he remarked, saying that Turkey ranked second in the world’s ‘Top 250 International Contractors’ list prepared by the industry magazine, Engineering News-Record.

Saudi participants in the meeting said that they were eyeing the petrochemicals, renewable energy, Islamic finance, agriculture and defense sectors in Turkey for cooperation and investments.



Attracting millions of tourists from the Gulf region each year, Turkey is also popular with Gulf-based real estate investors. During the past year, citizens of Gulf countries emerged as the top buyers of Turkish property with nearly half of some 22,000 acquisitions made by foreigners in Turkey being underwritten by the citizens of Gulf countries



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