Gulf fund signs $6 bln invesment deal with Turkey

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Gulf fund signs $6 bln invesment deal with Turkey
Oluşturulma Tarihi: Ekim 31, 2008 07:00

Vision3, a Gulf investment fund made up of three financial institutions, has signed an agreement of intent with Turkey to invest $6 billion.

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The fund consists of Ithmaar Bank B.S.C., Abu Dhabi Investment House and Gulf Finance House under the umbrella of a project called Vision3 to invest in
agriculture and infrastructure.

The agreement was signed at a press conference organized by the Investment Support and Promotion Agency of Turkey and attended by Turkish Deputy Prime Minister Nazim Ekren.

First part of the $6 billion of investment is planned to be made next year in modern agriculture and stockbreeding in southeastern Turkey where the Southeastern Anatolia Project (GAP), a multi-sector integrated regional development project, is implemented.

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