01 November 2013

"Turkey holds the key to the Middle East"

Yıldız, the Board Member of ISGID, said that the Turkey holds the key to the Middle East for the Western world.



Having participated in the MENA (Middle East-North Africa) session of the World Economic Forum, Bora Can Yıldız, the Board Member of ISGID, expressed that due to its long history, Turkey that has spent its last 90 years by establishing good relations with the West holds the key to the Middle East for the Western world.
Bora Can Yıldız, the Board Member of Istanbul Young Entrepreneurs’ Association (ISGID), and the owner of EID Construction and INTRO Group companies, emphasized Turkey’s economic and historic role in his speech. The content of the speech took place in the headlines of the leading newspapers of the Arab world such as Gulf News and Khaleej Times. Yıldız highlighted 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 historic and cultural relations. Can said that young Turkey which is the world’s second fastest growing economy had a leading role in the Middle East, and the Turkish companies had billions of dollars worth business volume. Yıldız expressed that due to its long history, Turkey that has spent its last 90 years by establishing good relations with the West holds the key to the Middle East for the Western world. Although his speech was often interrupted by the applause of the audience; he continued 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. 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.”
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. Stating that the Turkish companies make the best use of the opportunities offered in the neighboring countries and the Middle East, 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 said the following words: “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.”

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