A detailed report on Arab projects in the Turkish Republic
Arab projects in Turkey have achieved a remarkable development recently
A detailed report on Arab projects in the Turkish Republic
Arab projects in Turkey have achieved a remarkable development recently, especially in the past five years, which opened the way for more projects as well as small and medium projects and even large projects, which made us understand that investors are the most important and the project can provide some precautions and suggestions, especially with regard to establishing A job for entrepreneurs and obtaining Turkish citizenship. In this article, Deniz Turkey sheds light on the projects that were founded by Arabs in Turkey and had success.
Successful projects for Arabs in Turkey
Facts have proven that Turkey is a suitable environment for the success of many investment projects, such as:
Food Project in Turkey :
It includes the outstanding performance of the Arabs in Turkey with regard to foodstuffs, due to the increase in the number of Arabs who migrated to Turkey and settled in Turkey almost permanently in the past few years, and production and investment projects in this field.
Commercial projects in general :
The Turkish trade portal is open to Arab investors in all fields, whether it is internal trade or import and export, but only investors need to carefully study the feasibility of their projects in order to understand the production and clearance markets in Turkey and see detailed information, and then he can start any business in Turkey.
Arab government projects in Turkey :
At the governmental and official levels, many Arab governments have participated in joint projects in the field of energy, real estate development and investment in the Istanbul Stock Exchange within Turkish territory.
Arab projects in Turkey – general information :
In general, Turkey depends on the influx of foreign investment to improve its economic recovery, and Arab projects account for a large part of that, but it has become the mainstay of economic growth in these countries.
History of Arab projects in Turkey :
There is no actual date for the start of the flow of Arab investments to Turkey, but in general we can talk about sites that have a significant impact on the size and value of these investments, as well as increasing Arab expansion in the Turkish market
Between 2002 and 2015 :
The Justice and Development Party (AKP) came to Turkish rule and greatly enhanced its openness to the Arabs, because during this period Turkey improved its relations with Arab countries until Turkey became a permanent guest of the League of Arab States and participated mainly in the problem of the Arabs and the Middle East.
After 2004, the Turkish economy improved greatly due to the abolition of the zero tax rate policy on the Turkish lira, and Turkey appears to be a safe and conducive environment for Arab investment.
After the outbreak of the Arab revolution in 2011, Turkey received tens of thousands of businessmen from Syria, Yemen, Libya, Egypt and Palestine, which became a haven for their investments, and investments in the Gulf, Jordan and the Maghreb increased significantly, especially after the principle of reciprocity in real estate transactions was abolished in the tourism industry in year 2012,
During this period, the drama that was translated from Turkish into Arabic played an important role in promoting Turkey, attracting Arab investment and establishing a beautiful image of the country in the eyes of Arab investors.
Also during this period, Turkey intensified its advertising campaigns to attract more Arab investments and encourage investors, and participated in dozens of exhibitions, economic conferences and meetings with Arab businessmen.
Between 2015 and 2020 :
After restoring the confidence of Arab investors a few days after the failed coup in July 2015, the year 2015 marked a major turning point in the importance of Turkish investment in the Arab region, and European and American investors became uncertain about the Turkish economy for more than a year.
This puts Iraq, Saudi Arabia and Kuwait at the forefront of foreign investment in Turkey, surpassing those of the Germans, Americans and others who were at the forefront of the Turkish economy before 2015.
Turkey allowed the granting of Turkish citizenship to foreign investors in 2017 and made encouraging amendments to the law before the end of 2018, which led to a significant increase in the number of major Arab projects whose owners aim to obtain citizenship.
Arab projects in Turkey are naturally affected by the Corona crisis in 2020, but all indications indicate that Arabs still prefer Turkey to invest in various fields.
Between 2015 and 2020 :
After restoring the confidence of Arab investors a few days after the failed coup in July 2015, the year 2015 marked a major turning point in the importance of Turkish investment in the Arab region, and European and American investors became uncertain about the Turkish economy for more than a year.
This puts Iraq, Saudi Arabia and Kuwait at the forefront of foreign investment in Turkey, surpassing those of the Germans, Americans and others who were at the forefront of the Turkish economy before 2015.
Turkey allowed the granting of Turkish citizenship to foreign investors in 2017 and made encouraging amendments to the law before the end of 2018, which led to a significant increase in the number of major Arab projects whose owners aim to obtain citizenship.
Arab projects in Turkey are naturally affected by the Corona crisis in 2020, but all indications indicate that Arabs still prefer Turkey to invest in various fields.
Statistics of the Turkish-Arab project :
The most reliable economic language is the language written with numbers and statistics. Here are some of the most important statistics on Arab investments in Turkey ، In 2019, Arabs established more than 12,000 foreign companies in Turkey, most of which came from Arab capital ، There are about 1500 joint stock companies and the rest are “limited” ، In the past five years, Iraqis in Turkey won about 18% of the total real estate transactions with foreigners in Turkey .
