PM expresses appreciation for global business interest in Turkey at Davos

DAVOS - Anadolu Agency

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Turkish Prime Minister Ahmet Davutoğlu met with heads of the world’s largest companies at the World Economic Forum in Davos, Switzerland, on Jan. 20. 

Davutoğlu expressed his appreciation for international companies’ interests and their connections with Turkey.

Davutoğlu and CEOs from around the world discussed projects worth more than $3 billion value in the sectors of finance, infrastructure, logistics and industry.

Sources said meetings with investors will continue as there is much interest from international firms.

According to Turkish Prime Ministry sources, after the November 2015 election, international companies, which have more than $4 trillion market value, are eager to invest more in Turkish markets. 

The sources said investors from Japan, China, Malaysia as well as the U.S. and Europe were to meet with the prime minister in Davos.

The Turkish government on Dec. 11 unveiled “the 2016 action plan” to further improve the country’s investment environment with a series of reforms designed to attract international investors.

The plan includes new measures ranging from reducing costs in organized industrial zones to easing of licensing procedures for investors.

The sources stated that the “high demand of the prime minister” indicated that the government’s financial action plan, which includes incentives for investing international companies, was welcomed by foreign investors. 

More than 40 political and 1,500 business leaders from over 100 countries are attending the four-day World Economic Forum, which kicked off Jan. 20 in Davos, Switzerland.