Saudi Binladin Group to invest $500M in Turkey-paper
Private contractor Saudi Binladin Group (SBG) is planning to invest $500 million in a housing project in Turkey, the Turkish Star newspaper reported on Wednesday.
July 20, 2011 10:48 by p.deleon
Private contractor Saudi Binladin Group (SBG) is planning to invest $500 million in a housing project in Turkey, the Turkish Star newspaper reported on Wednesday.
Analysts have suggested that increasing flows of capital from the Middle East are helping Turkey to finance its massive current account deficit, while euro zone turmoil saps flows from European countries.
SBG said it had no immediate comment on the Star report.
Star said the housing project would be in the town of Armutlu in northwest Turkey and the group was in the process of establish a company in Turkey to handle the investment. It was also considering investment opportunities in agriculture and health, the newspaper said. (Writing by Daren Butler)
More on GCC
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
-
Dubai looking at alternatives to repay debt
-
Two more die in Saudi Arabia from SARS-like virus – WHO
-
Alwaleed’s Kingdom on the prowl
-
Qatar Airways now looks to Airbus
-
World’s Longest-Range Passenger Jet
-
Abu Dhabi says financial zone will bridge a gap
-
Five dead from new SARS-like virus in Saudi
-
Emaar boss says “flipping” needs to be controlled
Lately on Kipp
-
Dusting off the Emirates ID card
-
Turkish Airlines Can Ride Out Turbulence
-
Taking on Abercrombie & Fitch
-
Red Hat Expands Technical Account Management Services to Offer SAP® Solution-centric Support
-
R&M’s New CSR Report Highlights Company’s Achievements in Advancing Ecological Efficiency and Social Accountability
-
NCoV – First report of patient-to-nurse spread
