Published On: Wed, Nov 2nd, 2016

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




gulf-cooperation-council

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.

SOURCE: DAILY SABAH
http://www.dailysabah.com/money/2016/11/02/turkish-companies-eye-construction-projects-in-gulf

Google+