Turkey expects US dollars 30 billion from Erdogan’s visit to Gulf region
It was learned that about 10 billion dollars of direct investment is expected to come to Turkey, which will reach 30 billion dollars in the long term, after the planned trip of President Erdogan to the Gulf countries, this month.
AKP President Recep Tayyip Erdogan will meet with the leaders of Saudi Arabia, Qatar and the UAE during his visits on July 17-19. The talks will also focus on outsourcing to the weakening economy ahead of elections in May.
Two senior officials told Reuters that they expected up to $30 billion in investments to be made in Turkey’s energy, infrastructure and defense sectors from these countries.
A senior official said, “It is critical that a third of this amount comes in a short time… There is a serious expectation from the upcoming visit to the Gulf countries. Some important agreements will be signed here.”
The official added that since these investments will be direct investments, “it is extremely important for us to be an indicator of confidence in the economy.”
