SBI Holdings and InvestAD to partner in Turkey

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SBI Holdings and InvestAD to partner in TurkeyAbu 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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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...

SBI Holdings and InvestAD to partner in TurkeyAbu 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.

 

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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