Presidential Investment Office Chair Burak Dağlıoğlu on Monday advised buyers that Türkiye aimed to emerge as “a global powerhouse” and be part of the highest 10 economies.
“This is an ambitious target, and I am sure that we will achieve it,” mentioned Dağlıoğlu.
His remarks got here throughout an occasion known as “Türkiye: Your Resilient Investment Partner” on the Turkish Embassy Residence in London, which gathered influential figures from the world of business and finance. The occasion was additionally attended by Arda Ermut, the top of the Türkiye Wealth Fund.
During the reception, Dağlıoğlu delivered a fascinating speech highlighting Türkiye’s exceptional financial progress and bold objectives for the longer term.
“This is our first reception among the capitals because this is our centennial of the Republic of Türkiye,” Dağlıoğlu mentioned. “We believe that it is a really good achievement to be ranked among the top 20 economies currently, with a compound annual growth rate of 5.4% since 2003. I believe this is a substantial figure.”
Despite a number of headwinds, the Turkish economic system remained resilient within the first quarter. The economic system expanded 4% within the January-March interval, rising strongly regardless of the impression of the devastating February earthquakes.
Dağlıoğlu went on to emphasise the excellent run in Türkiye’s exports, which grew nearly sevenfold within the final twenty years.
“In 2002, Türkiye’s exports were just $36 billion, which has now surpassed $250 billion,” he mentioned. “We attribute this success to the significant contributions made by international investors, including those companies that have operated in Türkiye for more than 100 years.”
Determined to place Türkiye as a world powerhouse, Dağlıoğlu invited worldwide buyers to take part in a variety of sectors.
“We are inviting you to invest not only in production activities but also in research and development (R&D), logistics, regional management activities, and industries like clean energy, clean infrastructure, financial services and digital businesses.”
U.Okay.-Türkiye ties
Nusrat Ghani, the U.Okay.’s minister of state for science and funding safety, highlighted the exceptional development and resilience of the bilateral commerce relations between the 2 international locations.
“Our thoughts continue to be with you and those affected by the terrible earthquakes in February. The U.K. continues to offer support and solidarity as you prepare for recovery and rebuilding,” mentioned Ghani. “Such recovery includes a continued positive drive into trade and investment.”
The catastrophic tremors that struck Türkiye’s south on Feb. 6 killed over 50,000 folks, leveling a whole bunch of hundreds of buildings and inflicting huge infrastructural harm.
Ghani underscored the energy of the U.Okay.-Türkiye bilateral commerce relationship, revealing that it had reached a historic excessive of 23.5 billion kilos ($29.4 billion), representing development of over 30% prior to now 12 months alone.
She additionally highlighted the upward development in Turkish funding within the United Kingdom, signaling a mutual dedication to additional improve commerce ties.
“There is even more we can do to increase our trade. We should continue to foster this,” Ghani mentioned.
For his half, Türkiye Wealth Fund’s Ermut mentioned the occasion underscores the significance of the friendship between Britain and Türkiye whereas fostering stronger relations relating to funding alternatives.
“This 12 months carries a profound which means for us, because it marks our nation’s centennial anniversary. The 12 months 2023 is the start of our new imaginative and prescient, the middle of Türkiye, constructing upon the momentum gained in recent times,” he mentioned.
“Our purpose is to crown this progress with this century of Türkiye elevating our nation amongst the highest 10 main nations within the political, financial and even sporting area.”
He mentioned the fund may play a job in serving to British buyers to put money into Türkiye as a strategic companion, creating alternatives by its portfolio corporations in several sectors.
Türkiye’s Ambassador to London Osman Koray Ertaş mentioned Türkiye and the U.Okay. are two main non-EU companions on the sides of the continent and they’re seeing one another as actual strategic companions and allies inside NATO.
“And our short to medium-term objective is to expand our free trade agreement. Both governments are adamant on this, Ertaş said. “Obviously, throughout elections, many issues are placed on maintain. But now elections are over… We may kick-start motion simply after the elections and give attention to bilateral investments and commerce.”
President Recep Tayyip Erdoğan was reelected on May 28 to increase his rule into a 3rd decade. His governing Justice and Development Party (AK Party), together with its allies, secured parliamentary majority within the May 14 parliamentary vote.
Source: www.dailysabah.com
