ISTANBUL - Referans
Middle Eastern investors will take a closer look at economic opportunities in Turkey, as prominent figures in the Gulf region's business world convene at the Ceylan Intercontinental Hotel in Istanbul tomorrow and Friday.
The third-annual Turkish-Arab Economic Forum, or TAF-08, carries additional value due to the fact it will also host the first Turkish-Arab Finance Summit. Turkish Prime Minister Recep Tayyip Erdoğan invited his counterparts in the Arab World and neighboring countries to the summit to discuss the future of Turkish-Arab finance, investment relations and ways of improving coordination on major regional and international issues. Ministers and businessmen from non-Arab countries will also participate, including Turkmenistan, Azerbaijan and Kazakhstan.
Kuwait Finance House (KFH) is among the companies that will attend the forum to look into new investment opportunities. KFH, which was the first Kuwaiti firm to invest in Turkey, entered the Turkish market when it founded Kuveyt Türk Participant Bank in 1983. The KFH still holds 62 percent shares in the participant bank. Abraaj Capital, the premier investment firm specializing in private equity investments in the Middle East, North Africa and South Asia regions, which also acquired 49.9 percent shares of the Acıbadem Health Group (AHG) subsidiary Acıbadem Insurance last year, will also participate in the summit, along with Qinvest LCC, the largest investment fund in Qatar. One of Saudi Arabia's largest companies, the Saudi Cable Company, which is in search of further opportunities for collaboration with Turkish companies, is also expected to hold talks over the two-day period.
The Turkish-Arab Economic Forum is organized with the collaboration of Union of Chambers and Commodity Exchanges of Turkey (TOBB), the Foreign Economic Relations Board (DEİK), and Al-Iktissad Wal-Aamal, the leading media and organization corporation in the Arab World. The Arab League has also provided support for the summit. .