Gulf companies Aramex, GCM seek opportunities to invest in Turkey.

By bne IntelliNews September 13, 2011
Daily Sabah reports that Jordan-based courier company Aramex plans to acquire a company in Turkey and Kuwait-based Global Investment Houses (GIH) Global Capital Management (GCM) plans to establish a USD 350mn fund to invest in Turkey. CEO of Aramex, Fadi Ghandour, told the daily that e-commerce sector in Turkey grows rapidly and the company plans to expand its operations in Turkey with acquisitions in addition to its organic growth phase. On a related note, Managing Partner of GCM, Rajiv Nakani, told the daily that the company allocated a USD 350mn to invest in the country and it plans to establish a fund which will focus on Turkey. Please note that GCM acquired an 80% stake in local medical company Bicakcilar Tibbi Cihazlar and its group companies for an undisclosed sum in February; and it also controls a minority stake in local ready-made clothing company Yargici.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

PKK leader Ocalan calls for ceasefire and withdrawal of militants from Turkey.

The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more

Syrian government says Turkey responsible for chemical attack.

The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more

Erdogans comments on Zionism clouds US secretary of states Turkey visit.

US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more