Investors from Gulf Countries

Turkey Activities of Gulf Countries Investors

The group of countries called Gulf countries is the common name given to many countries in the Arab geography, including Qatar, United Arab Emirates, Saudi Arabia and Kuwait. Gulf countries appear as countries that invest heavily in Turkey and help Turkey's development both in terms of employment and added value. In this context, it is seen that the investments of these countries in Turkey in the last 20 years have been made in many different sectors from industry to media, from energy to finance. A significant part of the investments, which were realized at the level of 11.5 billion dollars until 2020, were also realized in the energy sector. In the pandemic process, which occurred due to the COVID-19 virus that emerged in 2020, the investments of investors from Gulf countries in Turkey increased even more.

There are several aspects encouraging the investors from the Gulf countries to make investments in Turkey, especially in the energy sector. The first of these is the Republic of Turkey's high level of grants and incentives for energy investments. These grants and incentives increase the energy investment potential in Turkey and attract many foreign investors, especially from Gulf countries. In addition, Turkey has a very high potential in the field of renewable energy, and this high potential is another reason why investors from Gulf countries make energy investments in Turkey.

As mentioned above, the investments made by investors from the Gulf countries in Turkey in the last 20 years are at the level of 11.5 billion dollars. In this context, while the highest level of investment in Gulf countries investments in Turkey was 2 billion dollars in 2008, this level was followed by 1.8 billion dollars in 2006. In the third place is the investment of 1.7 billion dollars made in 2005. However, it is predicted that the investments made by investors from the Gulf countries will exceed these figures in a few years and reach the level of 3 or even 4 billion dollars per year. Among the countries mentioned above, the United Arab Emirates (UAE) made the highest investment in Turkey with 4.3 billion dollars, while Qatar ranks second with 2.7 billion dollars. Among the Gulf countries, Saudi Arabia ranks third with $2 billion in investments in Turkey, followed by Kuwait with $1.9 billion.