• Our products
  • Trend Media Service
  • News terminal

Media service

  • Trend Media Service

For clients

  • How to subscribe
  • Instant paid access
  • Support service

Ads placement

  • Banner platforms on the website

Company

  • About company
  • Vacancies

Communications

  • Reference
  • Achievements

Trend in social networks

  • Facebook
  • Twitter
  • Youtube
  • Telegram
  • RSS
  • IOS
  • Android

Our services

  • Trend News Terminal
  • Trend Daily News
  • Caspian Oil & Gas Trend’s
  • Monthly Azerbaijan Business Monitoring
  • Weekly Azerbaijan Business Monitorings
  • Caspian, Turkey Building & Logistics Monitoring
  • Azerbaijan Energy Projects Review
  • Trend Banking Analytics
  • Iran Energy Economy Review
  • Central Asia Economic Business Monitoring
  • Weekly Tenders Report
  • Azerbaijan non-oil Review
  • Azerbaijan Monthly IСT Monitoring
  • Regional Finances

Media

  • Trend Politics
  • Trend Society
  • Trend Economy
  • Trend Energy
  • Trend ICT
  • Trend Tourism
  • Trend Culture

Contacts

  • Bakhtiyar Vahabzade Str., 14, Baku, Azerbaijan, AZ1141.
  • sales@trend.az
  • + 994 12 437-12-68
ORDER TRIAL VERSION
  • RU
  • AZ
  • EN
  • TR
  • FA
  • Login
  • Sign up
Trend.Az
  • Latest
  • Azerbaijan
    • Politics
    • Business
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Business
    • Oil&Gas
    • ICT
    • Economy news
    • Tenders
    • Tourism
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Analysis
  • Latest
  • Azerbaijan
    • Politics
    • Business
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Business
    • Oil&Gas
    • ICT
    • Economy news
    • Tenders
    • Tourism
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Analysis
  • Trend Photo
  • Home
  • Business
  • Economy news

Three billion USD investments from Kuwaiti Emir in Turkey

14 March 2010 17:59 (UTC+04:00)
  • 0
  • 0

The Kuwaiti Emir is planning to invest some 3 billion USD in Turkey, Anadolu Agency reported.

The official consultant of Kuwait's Emir Sabah al-Ahmad al-Jabir al-Sabah in Turkey said the Emir was planning to implement three or four giant projects in Turkey, worth 3 billion USD.

"We have made 1.5 billion USD of investments in Turkey in the recent three years," Ugur Akkas, the chairman of the Sems Turk Kuwait-Turkey investment consultancy company, told AA correspondent.

Akkas said they had mainly invested in immovables, some portfolio purchases in the Istanbul Stock Exchange (IMKB), and tourism.

The chairman said they planned to invest the 3 billion USD on real estates, and they were focused on Istanbul.

Akkas said the company was also interested in hydroelectrical power plants, and defined Turkey as a country that might become the food hub of the Gulf region in coming years.

"We focus on the Southeastern Anatolia Project (GAP) region in agriculture," he said.

Akkas said he thought they would increase their investments by 2012.

Ugur Akkas also said Turkey was a favorite country after the world conjuncture had changed, and the Emir had turned his course towards Turkey and neighboring countries.

Turkey's trade volume with Kuwait is around 500 million USD.

Follow Trend on Telegram. Only most interesting and important news

Azernews Newspaper
Category news
Greece announces preferred investor for DESFA’s acquisition
Economy news 18:49
EBRD, EU launch Regional Small Business Program in Tajikistan
Economy news 18:20
Yandex to support sale of Uzbek goods in Russia
Economy news 18:19
Azerbaijani company to reconstruct water intake in Kazakhstan
Economy news 18:05
Turkey ready to consider creation of joint FEZ with Azerbaijan (Exclusive)
Economy news 17:45
Islamic Corporation for Development of Private Sector inks bilateral agreement with Sumitomo Mitsui Banking Corporation
Economy news 17:40
Russian retail store network seeks to expand activity in Azerbaijan
Economy news 17:29
Currency trades at Kazakhstan Stock Exchange on April 19
Economy news 17:19
Azerbaijan announces manat rate for April 20
Economy news 17:14
Uzbekistan, Russia may sign agreement on construction of nuclear power plant soon
Oil&Gas 16:57
Russia’s aluminum deliveries to Japan halted over US sanctions
Russia 16:35
Yield fees for life insurance significantly increases in Azerbaijan
Economy news 16:17
Minister: Turkey hopes for multibillion investments from Azerbaijan (Exclusive)
Economy news 16:10
Uzbek, Latvian textile companies ink export contracts
Economy news 16:06
Iran’s imports from Azerbaijan sharply falls
Business 16:05
Azerbaijan’s non-life insurance market grows
Economy news 15:58
Uzbekistan to export cars to Mongolia
Economy news 15:17
Number of cars transported via Ro-Ro ships in Turkey disclosed
Economy news 15:11
Most popular
Mammadyarov: Metsamor NPP - a source for smuggling of nuclear, radioactive materials
Mammadyarov: Metsamor NPP - a source for smuggling of nuclear, radioactive materials
Turkey’s Central Bank transfers its gold reserves from US to Turkey
Uzbekistan, Tajikistan to hold joint military drills for first time
Azerbaijan to create better conditions for fintech companies
Commentary
Ankara takes action against expected US sanctions

Ankara takes action against expected US sanctions

Why does Turkey need snap elections?
Azerbaijan to create better conditions for fintech companies
Middle East turns into West’s military training ground
Trend.Az
  • About
  • Our Team
  • Our products
  • Trend Media Service
  • Info Service
  • News archive
Contacts
14, Bakhtiyar Vahabzade, Baku, Azerbaijan, AZ1141
+(994 12) 497-31-72
news@trend.az
+(994 12) 497-30-89
© 2018 Trend News Agency
Terms of use
  • counter