TURKISH INVESTMENTS

Expects Turkish Economy Minister Mehmet Hamshk that his country this year, attracting investments Gulf exceed $ 4 billion, began flowing to Turkey since last year.

Hamshk estimated volume of foreign investments in Turkey is now more than $ 50 billion, attracted $ 17 billion of them last year, and expected to attract the country this year to 20 billion dollars, one third of the Gulf region, which looks to invest the surplus wealth in the States promising.

He pointed out that Turkey has great prospects for investment and growth, the Gulf region has significant liquidity looking for tools and places for investment and double the fiscal surplus through revenues rewarding.

The newspaper quoted "Dar memorial" at the Bank is responsible for "any RFGA Istanbul Securities," that the "Dubai Holding" UAE bought land from the Turkish government $ 700 million to develop real estate projects.

The experts have confirmed that the return on investment in Turkish government bonds up to 10%, while the range in the sector of private property between 25 and 30%.

In spite of these investments, Hamshk pointed out that his investments in the region are still "modest" and does not live up to the European and American investments. He expected that "increasing momentum during this year, by encouraging investment procedures, which the Turkish government is planning to implement in the coming months."

Hamshk announced that the Turkish government will take a rapid privatization projects this year and will continue structural reform in the economy, and support the role of the private sector, and investing in human resources development. He revealed that this year will see «the birth of a new constitution, encourage investment and open the way for personal freedoms, as will an amendment in the Social Security Act».

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