The words of Bora Can Yıldız, the Board Member of Istanbul Young Entrepreneurs’ Association (ISGID), the Chairman of EID Construction and INTRO Group hit the headlines in the MENA (Middle East-North Africa) session of the World Economic Forum
The words of Bora Can Yıldız, the Board Member
of Istanbul Young Entrepreneurs’ Association (ISGID), the Chairman of EID
Construction and INTRO Group hit the headlines in the MENA (Middle East-North
Africa) session of the World Economic Forum. Bora Can Yıldız who highlighted
that Turkey holds the key to the Middle East was strongly applauded by the
audience in the forum.
Mentioning
Turkey’s role in the Middle Eastern economies at the Forum, Yıldız said that
the country’s leading companies were making great investments in the region.
The Board Member of ISGID said that the West
homes in on the Middle East due to the economic concerns; while Turkey homes in
with a historical and cultural sensitivity. Bora Can Yıldız said the following
words:
“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. We have
a special geographical location; 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.”
“IRAQ
IS A GREAT OPPORTUNITY FOR TURKEY”
Yıldız explained that
following China, Turkey was the second fastest
growing economy of the world, and that its production exceeded 775 billion, and
the World Bank classified Turkey under the economy groups having high income.
Indicating that the Turkish companies make the best use of the opportunities in
the region, Yıldız said: ““$ 1 trillion is being invested in the
infrastructure of Iraq for the ports, motorways, pipelines as well as oil and
gas infrastructure 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; it is a really big and historic
opportunity. Thanks to the advantage offered by our education system and
qualified labor, the Turkish companies make the best use of such
opportunities”.
Prof. Yahia Zoubir, the mediator of the forum commented: “Turkey was struggling
due to the money rate a decade ago. Although its balance between the democracy
and Islam is criticized, the country managed its economic development very
well.”
"Thank God, Turkey is not in EU"
The decision of the European Union not to admit Turkey into its fold has so far worked as a blessing in disguise, officials said at the Mena Economic Forum. While most of the southern European countries have been struggling with an unprecedented economic crisis, Turkey has been witnessing strong growth, thanks to its closer ties with the Middle East.
"Thank God, we are not part of the European Union," said Bora Yıldız, Vice President of Intro Group, a Turkish venture.
"We are in a unique geographical position - close to the Middle East and Europe. While one is facing severe economic crisis the other is creating opportunities. Because of this, we could man-age to navigate through the global financial crisis and continue to grow."
He said Turkey is the world's second fastest growing economy after China, with gross domestic product exceeding $775 billion.
Yahia Zoubir, Professor at Euromed Management, France, said, "Ten years ago, Turkey was struggling with a falling currency. Many people might be analysing its balancing act between Islam and democracy, but Turkey has managed its economic transition very well."
Related Turkish Media Link:
http://www.timeturk.com/tr/2013/02/07/genc-girisimci-dunya-ekonomi-forumu-nda-ayakta-alkislandi.html
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