Dubai investors eye Turkey’s privatizations
Posted by meb at January 17th, 2008
Dubai investors were informed of the investment opportunities in Turkey at a conference held in Dubai by EFG Istanbul Securities Jan.15-16.
The two-day conference titled “Opportunities north of the border” proved that foreign investors, take a strong interest in Halkbank and privatizations in Turkey this year and in 2009, aim to increase their investments in Turkey.
The conference, hosting 30 guests, including Dubai investors that manage portfolio venture capital and investors from real sector, began with an opening speech by State Minister Mehmet Şimşek.
Dubai investors were informed of the phases Turkey has undergone in the last 10 years and why Turkey should receive investments, said Banu Başar Çobanoğlu, managing director of EFG Istanbul Securities. “However, Dubai still knows little about Turkey.” Dubai investors are interested in the service sector, food, oil, pharmaceuticals, energy and real estate in Turkey, said Çobanoğlu. In banking and finance sector, particularly Halkbank draws attention of investors from Dubai, Çobanoğlu said.
Portfolio investors are warm about orienting a substantial proportion of their portfolios toward Turkey, said Çobanoğlu. “It is a must to develop contacts and inform the investors further.”
“Dubai has become a great financial center and is three steps ahead of Istanbul, said Çobanoğlu. Istanbul may become a financial center in the near future,” said Çobanoğlu. “However, we should work more collectively and swiftly.”
Top-level managers and strategic planners of Turkish public companies, such as Koç Holding, Turkish Petroleum Refineries Corporation Tüpraş, Doğan Media Group, Coca Cola, Halk Bank, Albaraka Türk, Sinpaş Real Estate Investment Trust, TAV Airports and Turkcell attended the conference as well.
Source: Referans via Turkish Daily News
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