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April 19, 2007

Europeans to invest $10 bln in Turkey's southeast project

Source: Today's Zaman

The Southeastern Anatolia Project (GAP), the biggest public investment project in Turkey's history, initiated to develop Turkey's poor Southeast, is becoming a magnet for foreign investment.

Good tidings recently arrived from a European delegation, mostly comprised of Italians, which is planning to spend a record $10 billion to construct a technology park in the region. The site will host food processing plants.

GAP Deputy Regional Director Mehmet Acikgoz said the European investors visited the region last week to see the project on site. "They completed examination studies as preliminary work for feasibility reports and will declare their final decision in a few days," he said. The local managers and GAP officials showed the European delegate an investment site in Kilis, the most developed city in the sout-heastern province of Gaziantep.

Full Story...

Posted by pichu at April 19, 2007 11:05 AM