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The Turkish-Arab summit allocates at least $3 billion in business the sound

by John Pierce
July 3, 2023
in Business
3 min read
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southeast turkey set To bring together local industrialists with Businessmen and investors from the Middle East in Big summit organizers say is expected to generate billions of dollar worth of trade the sound.

The Turkish-Arab Business Summit comes within the framework of Turkey-Arab relations world Experiencing major thaw after a years-long crack. Ankara has engaged in Relationship repair efforts with Several regional powers, including the United Arab Emirates, Saudi Arabia and Egypt.

Intense diplomacy must be reversed on The business side About 1,600 industrialists and investors, 800 from Turkey and 800 from Arabs countrieswill collect for The second Version of Summit to be held in Southeast Province of Gaziantep.

Because on From June 10 to 12, A event It will be organized by the Association of Independent Industrialists and Entrepreneurs (MÜSIAD) in cooperation with International Business Forum (IBF) and with The support of Ministry of Commerce.

The summit, which will bring together 1,600 industrialists, businessmen and investors, will provide a very important event added value to future of Turkey with Innovative Investment Forecasts, Mahmoud Asmali head of MÜSIAD, at the opening meeting for The event in Istanbul on Friday. In other words, we will meet with industry representatives of The Middle East in Gaziantep “.

In his address to the meeting, FIFA President Errol Yarar stressed the importance of of the top for Turkey and for Turkish Arab investors as well as all region.

Indicating that the summit will do also lead dangerous trade Size, Yarar mentioned that they expect him to be born more From $3 billion, though he said a lot higher The figure would not be a surprise.

IBF is international program of Annual conferences and joint business activities that bring together 42 business Associations of about 25 countries.

Asmaly said Turkey has strengthened its position as a logistical intersection during the pandemic with Reliable Infrastructure Enabled Uninterrupted Momentum of supply chains.

“Based on on This trust, we will move The Turkish-Arab Business Summit from Istanbul to Gaziantep and achieve a new An arrangement shaped by regional dynamics in Our vision is to export.

New partnerships and business links will be encouraged with Bilateral talks, panel discussions and exhibition activities to be held in the scope of the top. We will establish closer and intensified cooperation mechanisms with Our brothers and sisters from the Arab world and with Our historical and cultural ties are deep-rooted and rich.”

in all areas historyTurkey has hosted Immigrants from many regions of the world, including the Balkans, the Caucasus, and the Middle East, Yarar said.

“They were never an obstacle for Turkey. On the contrary, together they were an added advantage for Turkey. Arab businessmen made big investment in Turkey “.

there more More than 40,000 institutions in Turkey run by business people of Yarar said of Arab origin. “They hire over 1 million dollars people. They contribute billions of dollars for Turkey’s exports.”

osmali also stress the importance of of geography as a trade region for Turkish businessmen.

“The fact that we share a common history And our values ​​overlap with those of Arabs peoplesour historical and cultural and social The closeness that was constant on for Centuries also Create strong synergy in economic dimension with Various investment and cooperation expectations,” Asmaly said.

MÜSIAD named 2022 a year of Investments and pledged efforts and projects that would reconsider up production and employment in Next period.

lately also He launched an initiative entitled “Production and Investment Movement in Anatolia”, aimed at expanding export-oriented investment and production across region.

Asmaly said first The theater of The initiative will be of investment of About 25 billion Turkish liras ($1.7 billion) made in 40 locations in more out of 20 provinces in The region where he said they are looking forward to add Dynamic export-oriented production mechanism.

MÜSIAD has an extension total of 169 contacts pointsincluding 88 in Turkey and in 74 countries via 81 locations.

Gaziantep, known as the gastronomy capital of Turkey also decisive city in terms of industrial infrastructure and trade Ratio locationand he “one of shining stars of Yarar said.

“This will be great meeting who will go down in The history of The Middle East.”

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