Turkish investments in Middle-East increase sixfold to 30 Billion Dollar

[ekrem]

Turkish investment in the region has soared sixfold to more than $30bn in a decade, a period that saw per-capita income in Turkey almost triple as it enjoyed Asian-tiger style growth. Turkey’s expanding trade with the region accounts for about a fifth of its external trade, and Mena in turn accounts for close to 10 per cent of foreign direct investment into Turkey.

* Tim Reid is regional head of commercial banking for HSBC Middle East and north Africa

Turkey's eastern trading bet pays off - FT.com

Arab-Turkish annual trade reached 32 Billion Dollar in 2011, and there is the desire to tripple it to 100 Billion Dollar in next 5 years:
gulfbusiness.com - Turkey Targets $100 Billion Arab World Trade In Five Years