Dubai firm to invest $5bn in Turkey - Eqarat.com... -
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Published on: 11/1/2004
Last Visited: 3/30/2006
The deal between the company and the Istanbul municipality was signed late Thursday at a ceremony presided over by Turkish Prime Minister Precep Tayyip Erdogan - a former Istanbul mayor - and Dubai's Crown Prince Mohammad bin Rashid Al-Maktoum, the municipality said.
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Erdogan said the deal marked the first direct foreign investment in Turkey since the country opened accession talks with the European Union on Tuesday.
"From now on, substantial investments will come to our country from both the Gulf and EU countries.Our efforts are continuing and 2006 will be a better year," Erdogan said, according to a press release by the Istanbul municipality.