Published On: Wed, Nov 2nd, 2016

Turkey & Gulf Cooperation Council in search of partnership for construction projects


Turkish businesspeople from the Union of Chambers and Commodity Exchanges of Turkey (TOBB) arrived in Bahrain yesterday, accompanied by Customs and Trade Minister Bülent Tüfenkçi, for the second Turkey-GCC Business and Investment Forum on “Strategic Economic Partnership”. The forum hosts 800 delegates from Bahrain, Qatar, Saudi Arabia and the Arab states.

A total of 250 Turkish participants attended the forum to discuss construction projects worth $1 trillion with members of the Gulf Cooperation Council (GCC), including the United Arab Emirates (UAE) which holds $428 billion in the projects, and Saudi Arabia which has invested $417 billion. Turkey’s major construction firms continued talks with Arab states regarding potential investments in the project. Turkish investments are considered a “safe haven” by Gulf countries in the wake of the controversial Justice Against Sponsors of Terrorism Act (JASTA) in the U.S., which threatens Arab investments in the West.


Analytics Made Easy - StatCounter

Pin It