Major Turkish companies in EEC investment talks

[webfact]

Major Turkish companies in EEC investment talks

By The Nation

 

 

Leading companies from Turkey are meeting with the Eastern Economic Corridor Policy Committee (EECPC) to discuss potential investment in the Eastern Economic Corridor, says Kanit Sangsubhan, the secretary general of the Eastern Economic Corridor Office of Thailand.

 

Kanit said the committee has been assigned to closely cooperate with the Turkish companies to prepare them for a meeting with high-ranking Thai government officials in the near future.

 

Turkish businessmen and investors are seeking opportunities in Thailand, and especially in the Eastern Economic Corridor (EEC), as they view the Kingdom as the centre of CLMVT (Cambodia, Laos, Malaysia, Vietnam and Thailand) countries, and a hub for exporting products to nearby nations, he said.

 

“They are interested in direct investing and through partners that we suggested. We also showed them the EEC area last week.”

 

Leading Turkish companies showing an interest in the EEC include Roketsans, which is ranked in the top 100 defence industry companies world-wide, and the Ronesans group, the 9th largest construction company in Europe and the 36th largest international construction company with an income of over $4.2 billion (Bt128.7 billion).

 

Kareks Energy, an exporter and developer of plastic products and chemicals for more than 20 years, is also interested along with Akfen Holding Company, which has invested in a variety of businesses, including real estate, mining, construction and port management.

 

Also showing interest is Bozankaya, a leading company in the production of electric buses and trams that use innovative and advanced technologies. The company won the bid to produce the Green Line electric trains for Thailand, worth 40 million euros (Bt1.35 billion) in 2016.

 

Source: https://www.nationthailand.com/news/30376018

 

-- © Copyright The Nation Thailand 2019-09-10

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[sammieuk1]

Great news the Thais will get a master class in lying cheating embezzling and thieving from the world leaders sure they will be checking their apprentices religiously ????

[Cadbury]

Just a bit of tyre kicking by few Turkish companies after a sale pitch by Somkid. It is appearing now as if Somkid is the Marketing Manager for the EEC, a bit of a comedown.

If these Turkish companies are serious about setting up it wouldn't hurt them to first have a talk with Hopewell and Kingsgate about how business investments in Thailand can go sour.

[johng]

32 minutes ago, Cadbury said:

Hopewell and Kingsgate about how business investments in Thailand can go sour.

+ Heineken,Pepsi and Pizza Hut.

[Rama]

not surprising. The Turkish companies want to get out of the downward spiral their own currency and economy is in thanks to their own homegrown version of Trumpovision.

[RichardColeman]

2 hours ago, webfact said:

Major Turkish companies in EEC investment talks

Fry's installing a Turkish Delight vending machine ?

[Srikcir]

3 hours ago, webfact said:

Leading Turkish companies showing an interest in the EEC

They likely will find that Chinese companies are heavily embedded in Thailand as a major competitor. Thailand also uses joint ventures with China state-owned businesses in connection with infrastructure projects funded by Chinese loans.

Turkish companies will have to bring to Thailand businesses not typically found in Thailand or ASEAN for that matter if they want to enter the market successfully. Turkey's main export markets are the EU (50%), Iraq, USA, Israel and Russia. https://ec.europa.eu/trade/policy/countries-and-regions/countries/turkey/

I don't see how Turkey can improve its GDP growth by bringing its businesses to Thailand versus simply investing in its own country. And don't even think about mining operations in Thailand!

[yellowboat]

2 hours ago, Srikcir said:

They likely will find that Chinese companies are heavily embedded in Thailand as a major competitor. Thailand also uses joint ventures with China state-owned businesses in connection with infrastructure projects funded by Chinese loans.

Turkish companies will have to bring to Thailand businesses not typically found in Thailand or ASEAN for that matter if they want to enter the market successfully. Turkey's main export markets are the EU (50%), Iraq, USA, Israel and Russia. https://ec.europa.eu/trade/policy/countries-and-regions/countries/turkey/

I don't see how Turkey can improve its GDP growth by bringing its businesses to Thailand versus simply investing in its own country. And don't even think about mining operations in Thailand!

What is the Turkish word for "sucker" ? 

[Fred white]

4 hours ago, RichardColeman said:

Fry's installing a Turkish Delight vending machine ?

A Turkish ice cream vendor on every street corner complete with handle bar mustache

[DrTuner]

Mmmmm. kebab.