Invest AD, which bought a stake in Turkish logistics firm EKOL in December for its new $400m private equity fund, manages several funds that invest in the Middle East, North Africa and Turkey.
Invest AD Chief Executive Officer Nazem Al Kudsi said he was bullish on Turkey because of the country's role as a trading centre between Europe and the Middle East, and its fast developing capital markets and financial sector.
"Turkish companies are starting to look eastwards to the Gulf for business opportunities and investment partners, and we believe Turkey is an exciting market, with great growth potential. Invest AD has a strong regional network of relationships that extends to Turkey, and with Akbank's help, we're looking to build on that,"
Al Kudsi said.
Ziya Akkurt, Chief Executive Officer of Akbank, stated that Akbank's intention for opening a Dubai office was first and foremost to play an intermediary role by encouraging and facilitating investment from the Region, particularly from the United Arab Emirates.
"We believe that such meetings will, in the near future, lead to very productive outcomes for Turkish companies as well as the Turkish economy." Akkurt said. "We will continue to organize more events of this kind in order to attract investors from the Gulf region to our country."
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