Turkish Minister of Economy Zafer Caglayan has revealed that the recent Turkish initiative to gain more investments to Turkey from the USA by helping in the investment process as much as possible is set to work, with more investment proposals between the USA and Turkey on the horizon.
Caglayan said: “Turkey’s new incentive system impressed the US businessmen. We expect to see a boost in foreign investments this year.” Caglayan was speaking during a meeting in New York with executives of companies such as Pepsi CO, 3M, and General Electric – all of whom have expressed a firm interest in investing in Turkey in the future.
Pepsi Co; the global brand has already invested around USD 800 million in Turkey recently, and is strongly considering Turkey to be Pepsi Co’s regional centre for North Africa and the Middle East. Turkey is uniquely placed as a meeting point between North Africa and the Middle East, making business in Turkey a lot more attractive for companies looking to invest in Africa and the East.