A workshop revealed that the number of Saudi companies in Turkey reached 744 companies, including 150 companies working in the real estate field, and the workshop organized by the Riyadh Chamber at its headquarters yesterday, Tuesday, May 24, 2016, provided a presentation on the investment climate in Turkey in the presence of a number of Saudi businessmen who listened to the most important directives towards optimal investments in Turkey and the incentives provided by the Turkish government to traders and investors.
In this direction, the Turkish Ambassador to the Kingdom, Yunus Demmer, said that the Kingdom is a strategic partner that meets the desire of all Turkish economic spectrums to strengthen the investment partnership with it, stressing the keenness of the Turkish government to remove any obstacles facing the investing parties, indicating his readiness to receive any inquiries or obstacles faced by the Saudi investor in Turkey should work to solve them.
For his part, Mustafa Koksu, Senior Advisor at the Investment Promotion Agency in Turkey, stressed that the Turkish investment system is in fact derived from the best investment systems around the world, which allows the investor to work and own no different from the Turkish investor, indicating the possibility of exporting his trade to more than 37 countries around the world, including the European Union, adding that all fields are available for work and investment in Turkey, except for education, which is taken over by the Turkish government by 51%, and that attracting Turkish labor and working in chemical fields gives open incentives, most importantly exemption from taxes that amount to 20% on the
The meeting included a number of interventions by Saudi businessmen invested in Turkey, and some of them, while referring to some loopholes that put a number of businessmen in trouble when signing sales contracts and others, called for the establishment of an office that allows inquiries about Turkish partners in investments and works to resolve investment issues, and the Turkish senior advisor promised to work on securing this proposal.
