Mrs Hande Firat is a journalist and columnist for large-selling daily Hurriyet. She is known to have access to Erdogan’s inner cabinet.
In her last two articles, she claimed Ankara will attract very large foreign direct investment flows form Gulf Arab nations, led by UAE. These are her comments regarding FDI prospects, reprinted from her linked article.
After overcoming the diplomatic problem with the United Arab Emirates (UAE), progress was made on a very substantial agenda. Last week, I talked about the high-level visit of Vice President Cevdet Yılmaz and Treasury and Finance Minister Mehmet Şimşek to the UAE, and added that the connections for an investment of 30-40 billion dollars is being prepared.
Agreements will be signed during the visit of President Recep Tayyip Erdogan to the United Arab Emirates, which is interested in investments in Turkey; especially in the energy and defense industry, after the Eid al-Adha.
DIRECT INVESTMENT IS COMING, NOT SHORT-TERM
– The first package will include financing of renewable energy, transportation (ports, airports, infrastructure) and reconstruction in the earthquake zone. These will be followed by targeted investments in key sectors, such as the defense industry.
– As I’ve mentioned before; The main feature of these investments is that they are direct investments for developing countries such as Turkey, not short-term portfolio inflows.
– In other words, the UAE and Turkey agreed to forge a link to channel permanent, long-term direct investments to Turkey. In this context, the high-level delegations of the two countries are working hard before unveiling the good tidings.
IT WILL BE ONE OF THE LARGEST AND MOST COMPREHENSIVE INVESTMENTS EVER MADE IN TURKEY
– One of the most important features of the treaties to be signed with the UAE is that it is the most comprehensive and largest investment to be made from a single source for many years. It seems that these investments to be made in Turkey, following the threshold of trust that has been exceeded after the Bayraktar armed drones were well-received, which is one of the critical issues for the UAE, will strengthen the relations between the two countries. UAE investments are the first flare rising from the Gulf, with more to come…
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