Saudi company plans to invest $5 billion in Trkiye

Trkiye is attracting significant international investment, including a potential $5 billion investment from a Saudi company, according to Turkish Vice President Cevdet Yilmaz.

Speaking on a TV channel, Yilmaz highlighted the growing confidence in Trkiyes' economic policies during the 10th meeting of the Investment Advisory Council, headed by President Recep Tayyip Erdogan.

Saudi investors' interest in Trkiye to grow

Yilmaz emphasized that portfolio and direct investments in Trkiye are entering a new phase, emphasizing that the results of these developments will become more evident in the coming period.

“Trkiye has become a country that investors are talking about seriously. It is stable, predictable and, above all, peaceful,” Yilmaz said, adding that converting this interest into concrete results is now the goal.

Saudi company eyes major investment

During the Investment Advisory Council meeting, a Saudi company expressed interest in investing $5 billion in Trkiyes energy and other sectors.

“No matter where we go, we see tremendous global interest. Trkiye is at the center of discussions among investors,” Yilmaz commented, highlighting Ankara’s growing appeal on the global stage.

Foreign direct investment on the rise

Yilmaz highlighted the rise in foreign direct investment, especially over the past three months. “Over the past seven months, direct investments have exceeded $6 billion, and we aim to exceed $10 billion by the end of the year,” Yilmaz said.

Trkiye currently has a 1% share of global investments and plans to increase this share to 1.5%.

Responding to concerns about calling early elections, Yilmaz reaffirmed Trkiyes' commitment to political stability, stating that the country is not considering early elections. He highlighted the importance of political stability for economic success and stressed that investor interest focuses on the country's long-term prospects rather than domestic politics.

Trkiye budgetary and economic outlook

Yilmaz provided updates on Trkiyes' fiscal situation, noting improvements in the budget deficit and current account. “Despite allocating 2.5 trillion lira ($73 billion) for earthquake-related spending, we kept the budget deficit below 5 percent,” he said.

Yilmaz also forecasts that the current account deficit will fall to 1.7% by the end of the year, and inflation will fall below 20% by the end of next year.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos