Following the success of our last year’s inaugural ‘UK Turkish Overseas Investment Forum’ the 2nd edition will build on the continuous talks of the opportunities and challenges for Turkish companies aiming at global expansion through the UK. While the UK remains number one destination for Foreign Direct Investment, second only to USA, Turkey keeps climbing the list of Britain’s FDI, which grew tenfold over the past decade. The event will examine these relationships in the light of recent economic slowdown in Turkey, while addressing the challenges of BREXIT.
For those keen to find out more about the latest fundamental developments in the markets, policies and regulations, this conference is a must-attend, with agenda-defining debates, diverse speakers, and interactive networking opportunities.
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Our audience for 2018 consisted of over 150 leading voices and decision makers in the Turkish investors markets in the UK. More information from the 2018 event can be viewed here:
Turkey is the 13th largest economy in the world, its economy is growing about twice as fast as that of the EU and it is geographically the closest big non-EU market to the UK. As a result, the UK sees Turkey as a fast-growing market for the kind of exports that British governments are always trying to encourage, namely cars, machinery, pharmaceuticals and retail, while the UK still remains Turkey’s second largest exports destination after Germany.
Over the past several years, Turkish Investment and M&As reached the staggering USD 20 billion, with Turkish corporates expanding their presence globally, such were Dawlance, Defy, United Biscuits, Almatis, OCI Chemicals to name the few. Great deal has been coming from greenfield investments, and it’s expected to rise, compared to brownfield and M&As. There is a general tendency of Turkish investors to strive towards a long-term ROI and sector dynamics rather then monetary route changes.
The UK still remains the number one choice for Turkish investors, followed by the USA and Eastern Europe. In the light of post-Brexit, the business world is waiting for the reforms that will reinforce the perception of ‘global Britain’, while both Turkey and the UK need to take account of their respective customs and trade relations with the EU and define a new framework. British and Turkish policy makers face a similar problem. Both need to reconstruct a relationship with Europe under changed assumptions about their future status. Despite the challenges, UK still remains an attractive hub due to its core principles of flexibility of legal and regulatory framework, transparency and accountability, which continues to attract Turkish corporates and businesses of all sizes for their overseas expansion, and as a gateway to the world.