SBI Holdings and InvestAD to partner in Turkey

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Abu Dhabi based InvestAD and Japanese corporation SBI Holdings have announced a joint venture in which they will partner to invest in Turkey.  They will invest primarily in the health care, consumer goods, food and retail industries.  It’s estimated they will each contribute about $50 million to the fund for a total $100 million investment, equal to their previous joint venture, a $100 million fund for African development.

Growth in Turkey has been solid for many years, leading to many foreign investments.  InvestAD has a history in the region, as they own part of a major shipper between Turkey and Europe, so SBI will benefit from their experience while InvestAD will benefit from SBI’s asset management skills.  Turkey is projected to see a 4.6% increase in GDP this year after a record 8.2% year in 2010.

 

 

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Reading Time: 1 minute

Abu Dhabi based InvestAD and Japanese corporation SBI Holdings have announced a joint venture in which they will partner to invest in Turkey.  They will invest primarily in the health care, consumer goods, food and retail industries.  It’s estimated they will each contribute about $50 million to the fund for a total $100 million investment, equal to their previous joint venture, a $100 million fund for African development.

Reading Time: 1 minute

Abu Dhabi based InvestAD and Japanese corporation SBI Holdings have announced a joint venture in which they will partner to invest in Turkey.  They will invest primarily in the health care, consumer goods, food and retail industries.  It’s estimated they will each contribute about $50 million to the fund for a total $100 million investment, equal to their previous joint venture, a $100 million fund for African development.

Growth in Turkey has been solid for many years, leading to many foreign investments.  InvestAD has a history in the region, as they own part of a major shipper between Turkey and Europe, so SBI will benefit from their experience while InvestAD will benefit from SBI’s asset management skills.  Turkey is projected to see a 4.6% increase in GDP this year after a record 8.2% year in 2010.

 

 

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