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Thursday, 20 March 2008

Gulf capital favors Turkey, Malaysia

Konya Chamber of Commerce chairman and Association of Islamic Chambers President Hüseyin Üzülmez has stated that Islamic and Gulf countries favor Turkey and Malaysia for investment.

Üzülmez told the Anatolia news agency yesterday that developed countries, including the EU member states, the US, Japan and China, seek to attract the $2 trillion Gulf market. However: "Islamic and Gulf countries favor Turkey and Malaysia in terms of development and investment. They are keen to make investments in Turkey," he told Anatolia.

Üzülmez noted that he had recently participated in a meeting of the Islamic Chambers Association in Jeddah, adding that the meeting had been productive for Turkey. Noting that Islamic countries are currently considering a number of commercial projects that would include Turkey, Üzülmez emphasized that Islamic and Gulf countries have a positive view of the country.

"Islamic countries have made significant investments in Turkey. The investments coming from Islamic and Gulf countries last year was around $8-10 billion," he said. Stating that Turkey would bring in $200 billion if it receives only 10 percent of Gulf funds, Üzülmez noted that the government should work in concert with business people to attract further investment from these countries. --(Today'sZaman)

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