Saudi Al-Bassam, Sumou Holding to invest USD751.17m in Turkey

29 Apr 2015

(MENAFN) Saudi Al-Bassam Group is set to establish a USD751.17 million finance in a collaboration with Sumou Holding to invest in Turkey, Reuters reported.

Al-Bassam Group is a Saudi group of companies of diversified industrial & commercial interests. The majority of investments will take place in the Turkish real estate sector.

“We are aiming to work with state companies such as TOKI, Emlak Konut and Kiptas,” the CEO of Al-Bassam Group said in a statement.

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