Chinese machinery manufacturer Sany is leading a group of companies looking to invest in Turkish manufacturing firms.
Turkey’s Industry and trade minister Nihat Ergün revealed that four Chinese companies are in negotiations to invest in Turkish manufacturers.
Ergün confirmed that Sany is among the companies involved in the discussions, adding that the deals are thought to be worth in excess of $400 million.
“Four new companies including leading construction machinery manufacturer Sany are about to make the final decision to make investments in Turkey,” Ergün told the Turkish Exporters Assembly.
Ergün said suggested that Chinese companies could follow: “Based on our impression from the meetings we’ve had and the information at hand, more Chinese companies will follow these four companies.”
According to Ergün, Turkey is a desirable location for exporters and those looking to invest as it is strategically located with 50 countries with a three-hour flight.
