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BUSINESS >Erdoğan in US urges for more investments in Turkey

ANKARA - Anadolu Agency

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Turkey’s President Recep Tayyip Erdoğan encouraged approximately 40 international investors he met during his visit to the U.S. on May 15 and 16 to intensify investments in Turkey, a written statement from the meeting’s coordinator, the Investment Support and Promotion Agency of Turkey (ISPAT), said on May 17.      

Among the potential investors who Erdoğan met were top representatives of the Abraaj Group, Cargill, CDPQ, Coca Cola, Dow Chemical, the European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), GE Aviation, Glaxo Smith Kline, Lockheed Martin, PepsiCo, Raytheon International, Uber, American Turkish Council and American Chamber of Commerce.     
 
ISPAT President Arda Ermut said the president’s clarification of the Turkish government’s strategies for international investors was very significant.      

“We showed Turkey’s support for international investors at the highest level thanks to this meeting, and we saw great interest in Turkey and President Erdoğan. The support he showed to international investors had a big impact,” Ermut was quoted as saying in the statement.      

The investors’ meeting where Turkey’s economic reforms, Turkish-U.S. trade, the possibility of technology investments and international funds to enhance investments were discussed follows on from two previously held in the U.S. in September and March 2016, Ermut explained.      

“We saw the trust that international investors have in Turkey’s investment climate, its political stability and future vision especially in the new period after the April 16 referendum,” Ermut concluded.      

Erdoğan visited the U.S. between May 15 and 16 to hold a number of meetings with U.S. President Donald Trump, investors and opinion leaders of the country.

May/17/2017

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