Turkey is expected to attract more foreign direct investment (FDI) from the Gulf countries in 2011 than was invested from that area last year, Economy Minister Ali Babacan has told Today’s Zaman.
Speaking to Today’s Zaman following a G-20 meeting in Paris, Babacan said the government is happy to see more entrepreneurs from the Gulf countries willing to step into new investments in Turkish markets compared to the past. “People are interested in investing in media, real estate and tourism. It is encouraging to see the Gulf investors’ interest in Turkish markets turning further into real projects,” he noted.
Making mention of his talks during the G-20 meeting, Babacan said they realized the US government is preparing to take some steps to curb the budget deficit, similar to measures Turkey implemented in 2009. Babacan said US Federal Reserve Chairman Ben Bernanke had said they expect to take some precautions to reduce the government’s $1 trillion-plus deficits. Bernanke has earlier said failing to forge a plan in this regard could eventually hurt the US economy. “We already took these steps in 2009, and now the US thinks they are necessary, too,” Babacan said.
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