Chinese Companies’ Attention Is on Investing in Turkey

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According to sources, two of the China’s big port companies, China Merchants and China Ocean Shipping Company, and the China’s giant state fund, China Investment Corp. are interested in invtesing in Turkey by purchasing Turkey largest private port, Kumport.

Sources also stated that Chinese and Turkish parties are waiting for the approval of Omani company and Chinese consortium is willing to pay 1.5 billion US dollars to make this investment in Turkey

The port was privatized in 2007 and it belongs Fiba Holding and Osman State Fund. It is located in European side of Istanbul and succeeded in increasing the container shipping volume by 23% between 2007 and 2013. It has a 1.3 million TEU volume, making it the biggest port in Turkey.