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Why Turkey?
Turkey's favorable climate, archaeological sites and beautiful beaches make it a popular tourist destination, attracting around 20 million visitors per annum. As the Turkish economy continue to expand the possible membership of the European Union will further lift the economy. Ongoing government reforms are being introduced and the period of co-operation with business and overseas investors continues to develop to facilitate an ever increasing property market in Turkey. It is estimated that Turkey needs approximately 400.000 new residences each year. New mortgage law passed in February 2007 encouraged competition in the market by bringing down the interest rates and increased the homeownersip.
News Update: Minister calls on Kuwaiti businessmen to invest in Turkey
The Turkish finance minister Wednesday called on Kuwaiti businessmen to invest in Turkey.
Wednesday, 26 May 2010 15:37
The Turkish finance minister Wednesday called on Kuwaiti businessmen to invest in Turkey.
Turkey's Finance Minister Mehmet Simsek invited Kuwaiti businessmen to invest in several projects in Turkey, including 5 billion USD of health campus projects.
Simsek visited the Kuwait Chamber of Commerce and Industry on the sidelines of his visit to this country, and said Turkish businessmen could also take part in Kuwaiti projects.
"If we can bring the Kuwaiti capital together with dynamic Turkish companies, we can do successful things," Simsek also said.
Also, Kuwaiti chamber's chairman Ali Mohammed Thunayan Al-Ghanim said Kuwaiti businessmen had invested over 10 billion USD in Turkey in recent years and that figure had to be raised.
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