Türkiye’s economic system chief together with Turkish officers kicked off Monday the Gulf tour throughout which he’s participating with traders from the United Arab Emirates (UAE), Qatar and Saudi Arabia to draw international capital and bolster the nation’s coverage overhaul.
Starting with the go to to Abu Dhabi, Treasury and Finance Minister Mehmet Şimşek arrived in Qatar’s capital Doha on Tuesday to attend the “Türkiye Century Investment Receptions.”
Şimşek, a extremely revered technocrat with Wall Street expertise, was appointed by President Recep Tayyip Erdoğan in June to guide a shift to extra handy financial insurance policies.
“Firstly, we had a productive meeting with HE Mohamed Hassan Al Suwaidi, the UAE Minister of Investment,” Şimşek wrote on X, previously Twitter.
“In our second stop, Qatar, we met with Mr. Ali bin Ahmed Al Kuwari, Minister of Finance of Qatar,” he added.
He additionally famous they met Mohammed Ali Al Khouri, the secretary-general of Expo Doha 2023, and visited “Türkiye Center,” in addition to that they joined the funding program in Qatari capital the place they conveyed the funding alternatives in Türkiye to over 200 traders and representatives from the business world.
The occasion, themed “Türkiye: Your Resilient Investment Partner,” was co-hosted by the Turkish Embassy in Qatar, the Investment Office of Türkiye and the Qatari Businessman Association (QBA).
Gathering the business communities from Türkiye and Qatar, the occasion on the residence of the Turkish Ambassador in Doha Mehmet Mustafa Göksu offered a platform to discover bilateral relations and focus on funding alternatives in each nations.
Speaking on the occasion Şimşek highlighted the “excellent political relations” between Türkiye and Qatar and said, “I believe it’s as much as us, the policymakers, but in addition as much as the business group to leverage these wonderful political relations in deepening our ties to commerce and investments.”
Ahmet Burak Dağlıoğlu, the top of the Investment Office of the Presidency of the Republic of Türkiye, stated that Türkiye has grow to be a regional hub in its area within the final twenty years.
‘Foreign traders curiosity’
Foreign traders connect significance to Türkiye’s structural reforms, and this curiosity will translate into direct investments within the nation Dağlıoğlu stated in his interview with Anadolu Agency (AA).
The financial administration actively engages with traders, presenting the brand new financial program to reverse the lengthy pattern of international capital outflow. Recently, there was a notable surge in international traders’ curiosity within the Turkish markets.
Taking half on the reception in Doha, Dağlıoğlu stated traders are intently following Türkiye’s strikes and reforms within the subject of digitalization and sustainability to get a bigger share of provide chains.
Such receptions are bringing collectively traders in quite a few world capitals to spice up Türkiye’s share of worldwide investments, he instructed AA.
“In our second century, which we will start under the leadership of our president, we will explain what our goals, what is our vision, what the ‘Century of Türkiye’ means, to investors,” he harassed.
The receptions started in London, following on to Asia after which the U.S., he recalled, including that they’ve now reached the Gulf nations.
“Especially the shaping of supply chains creates investment opportunities for us, Türkiye has a great advantage in discussions of sustainability, we are a country that was prepared very early for this race,” he famous.
Underscoring the digital economic system can be a high worldwide concern Dağlıoğlu stated they’d proceed the promotional excursions round these three themes – provide chains, sustainability and digital economic system – within the coming days.
Commenting on Qatari investments in Türkiye, he stated that there are essential investments within the finance, infrastructure, know-how, tourism and manufacturing industries.
Over 200 corporations with Qatari capital are working in Türkiye with a complete funding of over $3 billion, he stated.
“We see that investment interest continues in similar sectors,” he added.
All nations try to form their funding local weather in parallel with world tendencies, he stated, stressing that Türkiye has all the time stored its funding local weather updated and created an investor-friendly funding local weather with robust reform actions beneath the president’s management.
“Türkiye has a very competent labor pool with high productivity, this is an advantage for both local companies and international investors,” he famous.
Dağlıoğlu stated when worldwide traders spend money on Türkiye, they not solely contemplate the home market of 85 million individuals, however because of its robust infrastructure and superstructure, logistical accessibility to neighboring nations, and important investments from vitality to well being and training.
“Our position as a geographical regional hub is also a factor that creates a positive difference for investors,” he added.
Source: www.dailysabah.com