01 November 2013

$ 1 Trillion worth Business awaits the Turks in Iraq


Turkey hit the headlines of the MENA (Middle East-North Africa) session of the World Economic Forum.
The speech addressed by Bora Can Yıldız, the Board Member of ISGID, and the Chairman of EID Construction and INTRO Group companies, showed the economic and historical role of Turkey. His speech also took place in the headlines of the most prominent newspapers of the Arabic world such as Gulf News and Khaleej Times.

Yıldız stated that the Western world homes in on the Middle East due to the financial and economic concerns; however, Turkey has a strong and old place in the region due to its historical and cultural connections in the region.

Stating that Turkey, which is the second fastest growing economy of the world, has a leading part in the Middle East, Yıldız said that the Turkish companies had billions of dollars worth business volume. Underlining that Turkey has spent its last 90 years by establishing good relations with the West, he said: “Having adapted the Western culture and education, Turkey keeps the key to the Middle East for the Western world due to its long history”. Although his speech was often interrupted by the applause of the audience; he continued his speech as follows:
“While the European countries are struggling with an unprecedented economic crisis, Turkey is experiencing a powerful economic growth, and its close relations with the Middle East play a great part in this”.

“Thank God, they did not admit us into the European Union then...”

Stating that Turkey has a special geographical location, Yıldız said: “We are close to both Europe and the Middle East. While one of them is going through a serious crisis, the other one is offering great opportunities for us. For this reason, we could stay on the path and kept growing despite of the economic crisis in the world. Thank God, they did not admit us into the European Union then.” Highlighting that following China, Turkey is the second fastest growing economy of the world, Yıldız said: “Our annual production exceeds 775 billion. The World Bank classifies Turkey under the economy groups having high income. It is achieved by the assiduity of the Turkish people.”

$ 1 TRILLION WORTH INFRASTRUCTURE WORK IN IRAQ

Stating that the Turkish companies make the best use of the opportunities offered in the neighboring countries and the Middle East, Yıldız said: “There are more than $ 1 trillion worth infrastructure, port, motorway, oil and gas infrastructure works in Iraq at the moment. The daily oil production, which is 2 million barrels now, will go up to 8 million barrels in 2020, and 12 million barrels in 2030
Yahia Zoubir, the mediator of the forum (Professor at Euromed Management in France) added: “Turkey was struggling due to the money rate showing a decrease a decade ago. Although its balance between the democracy and Islam is criticized, Turkey managed its economic development very well.”


Related Turkish Media Link:
http://www.borsahane.com/2013/02/irakta-1-trilyon-dolarlk-is-turkleri.html

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