Current Chinese Investment in Turkey
Either it’s about local or foreign direct investment, Turkey is always a juicy spot. The state’s environment encourages entrepreneurs to invest in new projects, expands current opportunities and leverages their returns. The COVID–19 has drastically affected the world’s economy, but stats claim Turkey’s economy is the sixth largest one in the European region, as of 2020! The powerful business expansion prospects in multiple domains like constructions, energy, mining and perhaps in future also oil and gas have made Turkey one of the world’s growing economies.
Chinese investment exceeding 2 Billion USD in 2020
The Chinese government is always proactive to add a productive share to boost the country’s economies by unlocking multiple business domains and investing in different sectors. In Turkey, the current Chinese investment exceeds around 2 billion USD so far, and it’s divided among various sectors, including logistics, telecommunications, livestock, and much more. The investment interest of China in any country is a positive sign, as it portrays the potential in the land and welcome investors.
1000 chinese companies are currently operating in Turkey
China has set a perfect growth stage in Turkey for the opportunity seekers as 1,000 Chinese companies currently operate in Turkey in multiple domains. The two countries have enjoyed a winning bilateral economic tie in the last few years – That’s why Liu Shaobin, the Chinese ambassador, has announced to increase the investment to $6 billion by 2021. Oppo, a Chinese smartphone manufacturer has announced investment expansions in Turkey, which is a sign of parallel inline growth opportunities for stakeholders in the land. The technology giant Huawei is also operating in Turkey, creating a pool of opportunities for people living around. Bank of China and the Industrial and Commercial Bank of China (ICBC) are the two main hubs operating in Turkey, contributing a big share to state’s economy. Further, China’s vision involves evolving Turkey from a regular transit hub for freight goods into a globally active central point of International trade by “Middle Corridor” of China’s Silk Road Economic Belt. Moreover, many current Chinese businesses are operating across the country, controlling E-Commerce industry, infrastructure sector and other main hubs.
Is the trend positive for real estate business?
The investment plans of China in Turkey are so far too enormous to leverage the state’s economy indeed. It, directly and indirectly, enhances the wealth of the nation in all domains. One will witness expected prices of lands in Istanbul, Ankara, Izmir and other regions will shoot to the next level. This phase can be marked as an ideal time to buy land in Istanbul or any state of the country.
A timely decision in real estate can contribute a significant share to personal wealth. The companies are seeking land lands for startups and businesses are planning for expansions across Turkey. So, have you invested in Turkey real estate market? Well, it’s time to think about it!