Friday, September 05 - 2008

Zain explores a new investment map in Turkey

The Turkish Prime Minister Recep Tayyip Erdogan received in his office the CEO of Zain Dr Saad Al Barrak while on a trip to the Turkish capital yesterday evening.




sponsored link

related stories
During discussions, PM Erdogan commended Dr Al Barrak for the impressive efforts Zain has undertaken in its international expansion that made it reach a leading place in the telecommunications market in the Middle East and North Africa by being present in 22 countries with a customer base of 45 million.

PM Erdogan praised and expressed his pleasure in the mutually beneficial bilateral relations between Kuwait and Turkey. He discussed with Al Barrak the opportunities of investment in the Telecommunication industry, as well as other possibilities such as government owned ports, roads and banking. They also discussed further investment opportunities within the sectors of education and health.

From his side, Al Barrak stated 'the meeting with PM Erdogan was very fruitful, and we are now aware of new investment opportunities in one of the major markets in the region'

Dr Al Barrak on his end praised the efforts that the Turkish Government is doing that have opened new investments horizons in front of foreign investments especially coming from the Middle East, adding that investment chances that the Group checked out show the determination of the Turkish government to open up chances to foreign investment.

And before his meeting with PM Erdogan, Dr Al Barrak met with the Turkish Deputy Prime Minister Mr Hayati Yazici, and they discussed from both sides the direction and mapping of new investments in Turkey as a next step.

Zain Group mentioned that Al Barrak felt that Yazici expressed interest in the investment of Kuwait in different investments and their participation in the mapping of new investments existing in the Turkish market.

And while in Ankara, Dr Barrak held a meeting with the president of telecommunications in the presence of prominent economic and political figures. The purpose of this meeting was to survey the mobile telecommunication's sector in Turkey and explore investment and development opportunities in that sector.




request information Log in to request more information from Zain (MTC)

Notes and media contacts

About Zain Group

Zain (formerly MTC) is a leading emerging markets player in the field of telecommunications aiming to become one of the top ten mobile groups in the world by 2011. Zain was established in 1983 in Kuwait as the region's first mobile operator. Since 2003, it has grown significantly becoming the 4th largest telecommunications company in the world in terms of geographic presence with a footprint in 22 countries spread across the Middle East and Africa.

As of 8 September 2007, Zain became the company's new corporate master brand name. Currently, the company is present in 7 Middle Eastern and 15 sub-Saharan African countries with over 15,000 employees, providing a comprehensive range of mobile voice and data services to over 42.4 million active customers (as at 31 December 2007).

In the Middle East the company operates under the Zain brand name in Bahrain, Iraq, Jordan, Kuwait, and Sudan. In Lebanon the company operates as mtc-touch. Zain plans to commence operations in the Kingdom of Saudi Arabia in 2008.

In Africa, Zain operates under the Celtel brand (www.celtel.com) in 14 sub-Saharan African countries namely: Burkina Faso, Chad, Democratic Republic of the Congo, Republic of the Congo, Gabon, Kenya, Malawi, Madagascar, Niger, Nigeria, Sierra Leone, Tanzania, Uganda and Zambia. The company's mobile telecommunications operations in Ghana will begin in 2008.

The Zain brand is wholly owned by Mobile Telecommunications Company KSC, which is listed on the Kuwait Stock Exchange (Code : ZAIN). The company had a market capitalization of over $28.5bn on 1 February, 2008.
Medilyn Manibo Posted by Medilyn Manibo, Assistant News Editor
Thursday, February 28 - 2008 at 12:13 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions

Sponsored Links

Business Directory »

The news you choose

News and Articles »

Stock Performance

Current Events »

Advertisement »