FINANCIAL NEWS

GCC take leadership as Turkey’s main investors

19 Nov 2015

(MENAFN) GCC has witnessed a whopping 500 percent growth in its Turkish investments after its crucial 2012’s liberalization of foreign investment law, as the latest data shows.

Additionally, Gulf investments in Turkey represent a quarter of all the abroad buyers, at 24 percent, and Saudi Arabia proudly takes the first place with a staggering 48.1 percent of overall sales.

Moreover, trade capacity between Turkey and the GCC was close to USD16 billion in 2014 and as Turkey is ranked the 17th largest economy globally, it offers a healthy investment destination.

“High capital growth, great investment propositions and vital infrastructure schemes on the horizon means Turkey is a key market for today’s property investor,” said the director of Raine & Horne Dubai.

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