Turkey Expects Gulf Investments of Ten Billion Dollars

Two senior Turkish officials indicated today, Friday, that "Turkey expects direct investments from Gulf countries in local assets, amounting to about ten billion dollars initially," as part of President Recep Tayyip Erdoğan's upcoming visit to the region in two weeks. The sources stated, "Total investments of up to 30 billion dollars are expected to be injected over a longer period in the sectors of energy, infrastructure, and defense in Turkey." Erdoğan is scheduled to visit Saudi Arabia, Qatar, and the UAE from July 17 to 19, among other reasons, to gather foreign financing to support the country's struggling economy.