Article Image
Feb 5, 2023

Turkey Wealth Fund Aims to Reach $10B in Annual Investments

Turkey’s sovereign wealth fund aims to get to $10 billion (TL 68 billion) in annual investments in energy, petrochemicals, mining and aviation by 2023, the fund’s general manager said Thursday (July 23).

The Turkey Wealth Fund (TWF) has allocated around $6 billion for projects so far this year, Zafer Sönmez told Bloomberg in an interview.

Sönmez said the $33 billion entity will spearhead large investments in strategic sectors where private companies cannot provide leadership.

The TWF, founded in 2016, holds all or part of the shares of 20 companies in eight strategic sectors including flag carrier Turkish Airlines (THY), telecommunications giant Türk Telekom, state lenders Ziraat Bank and Halkbank, oil company Turkish Petroleum Corporation (TPAO) and Borsa Istanbul Stock Exchange.

Turkey's sovereign wealth fund is ranked the 14th largest among the world's top 15 biggest funds, according to the US-based Sovereign Wealth Fund Institute.

Based on Daily Sabah

We, in Akarkom International Real Estate offer you our services regarding buying real estate in Turkey in three stages: before buying a property, after buying a property, and during the purchasing process… We also provide you with the latest real estate offers in Turkey that are in line with your desires and the specifications that you desire .. including real estate offers and real estate suitable for obtaining Turkish citizenship through real estate investment within a record time of ninety days!

 

Credibility, honesty and speed are our motto .. Do not hesitate to visit our company at the office or online and request various services any time.

 

We are ready to answer all your inquiries, so do not hesitate to contact us via WhatsApp

image

Be the first to recieve the latest news in our blog.

I’m okay with getting emails