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Turkey invests in over 2000 projects in Persian Gulf countries

Business Materials 18 October 2013 17:09 (UTC +04:00)

Azerbaijan, Baku, Oct. 18 / Trend R. Hafizoglu /

Turkey intends to invest in more than 2000 projects in the Persian Gulf countries, Haber7 TV channel said today.

According to the TV channel, these investment projects will be implemented over 10 years.

The report said most of the investment projects will be implemented in the energy field. Turkey is expected to implement 957 projects totalling $ 1.356 billion only in the United Arab Emirates.

According to the TV channel, around 235 projects worth $ 1.7 trillion are planned to be implemented in Saudi Arabia.

Turkey will implement 600 projects worth $358 billion in Qatar, whilst backing 355 projects worth $ 270 billion in Kuwait.

In total, around 506 projects worth $226 billion are expected to be implemented in Oman and Bahrain.

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