Newspaper: Syria intends to invest in economy of Turkey’s south-west region

Business Materials 4 November 2013 16:36 (UTC +04:00)

Azerbaijan, Baku, Nov. 4 /Trend R. Hafizoglu/

Syrian investors are interested in investing in Turkey's south-western province of Gaziantep, Turkish Sabah newspaper reported on Monday.

According to the newspaper this was stated by the Mayor of Gaziantep province, Asim Guzelbek.

According to him, over the past two years, Syrian investments in different spheres of the province exceeded three million Turkish liras.

It is expected that in 2014 the volume of investments in the province will reach 100 million Turkish liras, he said.

Guzelbek underlined that given the situation in Syria, it is expected that the flow of investors from that country to Turkey will grow.

Earlier, Turkish Prime Minister Recep Tayyip Erdogan said that Turkey is becoming the energy centre of the region thanks to its economic reforms and the country needs new investment. According to him, the government is taking all possible steps in this regard.

Investments of non-residents in the country's economy in January-July fell by $2.1 billion, amounting to $6.7 billion.

The official exchange rate on Nov. 4 is 2.0063 TRY/USD.