Wednesday 27 April 2011

Saudi Arabia foresees $600 bln of investment in Turkey - Hurriyet Daily

Saudi Arabia foresees making investments of $600 billion in Turkey during the next 20 years, according to Abdul Kareem Abu al-Nasr, the chairman of National Commercial Bank, the largest Saudi lender.

Investment in Turkey’s agriculture and manufacturing is set to increase, Abu al-Nasr said Wednesday in a presentation that was delivered in Turkey, a copy of which has been obtained by Bloomberg News.

“In the agriculture space, Turkey emerged as one of the top recipients of Saudi investment, as the kingdom seeks to boost its food security,” he said in the document.

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