Abu Dhabi Global Holding prepares to invest in Turkey

Abu Dhabi International Holding Company has announced that it is looking for investment opportunities in Turkey in sectors including healthcare, industry, and food processing.

This comes days after Turkish President Recep Tayyip Erdogan announced large Emirati investments in Turkey soon.

Diverse investment opportunities

In a statement to Reuters, the CEO of the International Holding Company in Abu Dhabi, Sayed Basr Shuaib, said: "A delegation from the company is visiting Turkey this week in search of various investment opportunities."

"At the moment a new market is opened to us, our team is there," said Mr. Shuaib, stressing that "the opportunities for Global Holding in Turkey that it is looking for are focused on the industrial, healthcare, and food processing sectors."

Turkey's leading industrial position

Mr. Shuaib said: "Turkey has one of the largest food processing facilities, which makes the food sector and area to study the available investment opportunities."

On the other hand, an informed source in Istanbul revealed to Reuters: The Emirati company is seeking to acquire minority stakes in several companies, and is examining some medium-sized deals in several sectors.

Expected documentation of economic relations

Turkish President Recep Tayyip Erdogan had held talks - focused on the economy - with the National Security Adviser of the UAE, Tahnoun bin Zayed Al Nahyan, on Wednesday, 08/18/2021.

During the talks, President Erdogan said that he hopes to hold talks with Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan on closer economic relations and that the UAE's investments in Turkey will be soon.

It is noted that Tahnoun bin Zayed chairs the board of directors of "Global Holding," which has become the highest value company on the Abu Dhabi stock exchange in recent months.

 

Edited by Imtilak Real Estate©

Reference: Reuters

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