Mohammed Al-Shroogi, president of Bahrain-based Investcorp’s Gulf Business, recently discussed the company’s latest investments and long-term plans in Turkey with Tayyip Erdogan, President of Turkey.

Investcorp’s Mohammed Al-Shroogi meets the Turkish President in Istanbul

Mohammed Al-Shroogi, president of Bahrain-based Investcorp’s Gulf Business, recently discussed the company’s latest investments and long-term plans in Turkey with Tayyip Erdogan, President of Turkey.

Erdogan and Al-Shroogi also discussed the overall investment landscape in Turkey and the economic ties between the country and the various GCC countries.

There were encouraging notes from the Turkish President during the meeting on Investcorp’s growing presence in Turkey and its increasingly important role as a bridge between the Gulf and Turkey, a statement said.

The meeting came on the back of Al-Shroogi’s participation in the Turkish-Arab Economic Forum (TAF), which was held in Istanbul. As part of a panel titled “The Next Stage in Turkish-Arab Cooperation”, Al-Shroogi highlighted that Investcorp has invested over $500 million in Turkey through four different companies over the last few years. Investcorp’s latest investment was the acquisition of Arvento, Turkey’s leading telematics company.

Other portfolio companies in Turkey include: Namet, the leading Turkish producer of fresh cut and packaged processed red meat products; Orka Group, the leading luxury branded menswear retailer; and Tiryaki Agro, the leading trader and supply chain manager of agro commodities in Turkey.

Investcorp’s delegation to Turkey also met with the management teams of the four Turkish companies and held a number of meetings with business partners to discuss future plans and potential investment opportunities in Turkey. 

Source:investcorp.com

Nurullah Kırmacı / emlakcoulisse.com

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