01 November 2013

Yıldız: Turkey is stronger in the Middle East

Bora Can Yıldız, the Board Member of ISGID, said that the Turkey was stronger than the western world in the Middle East.



Bora Can Yıldız, the Board Member of Istanbul Young Entrepreneurs’ Association (ISGID) 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 connection. 
According to ISGID’s statement, Bora Can Yıldız who addressed a speech on Turkey in the MENA (Middle East-North Africa) session of the World Economic Forum mentioned Turkey’s economic and historical role.
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 its historic and cultural relations. Stating that the young Turkey which is the world’s second fastest growing economy has a leading part in the Middle East, Yıldız said that the Turkish companies had billions of dollars worth business volume. 
Explaining that Turkey has spent its last 90 years by establishing good relations with the West, and that Turkey keeps the key to the Middle East for the Western world, Yıldız 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. 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.”
Yıldız reminded that following China, Turkey was the second fastest growing economy of the world, 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 Middle East, he 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”.
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. 

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