The Turkish Perspective
busıness
fınance
Investment Fund for Africa
The government is reportedly carrying out works to establish an Africa fund encourage and pave the way for Turkish investors to invest in the African region.
ınterest ın real estate market The interest of investors from the European Union is increasing in the Turkish real estate market. EU citizens make up 44 percent of the total 140,832 foreigners who have invested in Turkey by purchasing houses and land in a total worth of 18 billion Turkish Liras. The total number of foreigners who acquired real estate properties reached 140,832 in the republic’s entire history, with 119,280 houses and offices, and 11,145 plots and lands sold to the foreigners. Almost two-thirds of these purchases came after 2012 as 92,938 foreigners had bought 85,410 houses and offices and 7,167 plots and lands in exchange for TL 16.5 billion. The demand of EU citizens for housing and business in Turkey are increasing day by day.
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markets due to political fluctuations in neighboring countries, and the country is set to provide assistance and encourage Turkish investors to invest in Africa, which is among the world’s most virgin markets. The Turkish government has set off on a quest to find a new formula for investors who confront difficulties in getting loans from the country’s Eximbank due to the Organization for Economic Cooperation and Development (OECD) regulations. It has therefore started to work on establishing the Africa fund after examining the Chinese and Indian models. In an exclusive interview with Daily Sabah and its sister newspaper Sabah, Turkey’s Ambassador to Ghana, Nesrin Beyazıt, said China and India have established a special fund in order to pave the way for their businessmen in Africa and they
support investments in the region through that fund. “We are also working on a similar project in Turkey. We are looking at these models and trying to develop new methods in order for our business people to invest in Africa,” she said. Indicating that the market was shrinking due to the political developments around Turkey, Beyazıt also said alternative markets should be established. Beyazıt said Turkey has become stronger and more visible in Africa over the past five years, but it is not enough. Ghana’s new government took office in January, and it attaches great importance to relations with Turkey, said Beyazıt. “On all occasions, this government expresses that it sees Turkey as an important development partner and expects investments. One of the government’s election promises was to set up factories in each region. In this context, they invite Turkish investors,” she said.
dıplomacy
Astana peace process in phone call President Recep Tayyip Erdoğan and his Russian counterpart Vladimir Putin discussed the Astana peace process and the Syrian crisis in a phone call. According to the statement released on the official website of Kremlin, the two leaders exchanged views on Syria, and assessed as positive the joint work carried out within the framework of the Astana process. The two then discussed the outlook for the next multilateral talks on Syria in Astana, which are scheduled to be held at the of October, and addressed practical issues in coordinating the actions of all sides taken towards achieving peace in Syria. The statement also said both President Recep Tayyip Erdoğan and Vladimir Putin expressed satisfaction with the current situation of the relations between Russia and Turkey, added that the agreements reached in Ankara on September 28, 2017, especially on trade and economic cooperation, were being successfully implemented and it will continue unceasingly.
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