Nearly 300 Swiss companies make investments worth over USD10B in Turkey
Date
6/10/2024 3:41:28 AM
(MENAFN) The economic ties between Switzerland and Turkey have flourished, with around 300 Swiss firms having made substantial investments totaling over USD10 billion in Turkey to date. Arpat Senocak, chairman of the Swiss Chamber of Commerce in Turkey, highlighted this significant investment and expressed optimism about further growth opportunities.
Senocak emphasized that the conducive investment environment in Turkey is expected to attract more Swiss firms in the future. The chamber, currently comprising 160 member firms, aims to facilitate collaboration between businesses from both countries, fostering mutually beneficial partnerships.
Switzerland's investment in Turkey spans various sectors, positioning it as the eighth largest investor in the country. Investments range from financial services to food and trade, reflecting the diversified interests of Swiss businesses in the Turkish market.
According to Senocak, there is a positive sentiment surrounding Turkey across various fields, driving the interest of many firms to enter the market and explore opportunities. This optimism is bolstered by recent policy decisions, which have been well-received despite economic challenges faced by Turkey in recent years.
The bilateral trade between Turkey and Switzerland has maintained equilibrium over the years, with exports and imports remaining at comparable levels. This stability underscores the resilience of the economic relationship between the two nations.
Senocak noted that Swiss investors typically engage in long-term investments in Turkey, with some member firms having a history of investment spanning over six decades or even a century. This long-term commitment reflects confidence in Turkey's potential for sustained growth and stability.
Despite economic fluctuations, the positive outlook for Turkey's economic policies and investment climate continues to attract Swiss investors, reinforcing the strong partnership between Switzerland and Turkey. As both countries navigate evolving economic landscapes, their collaboration is poised to drive further growth and prosperity for years to come.
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