Türkiye attractive for int'l investors and multinational brands, head of Arab banking union says

Türkiye is one of the most productive countries, an important part of the international supply chain and has always been attractive for international investors and multinational brands, the head of Union of Arab Banks said on Thursday.

Speaking the two-day International Arab Banking Summit in Istanbul on Thursday, Mohammed El Etreby said Türkiye and Arab countries have potential to make joint investments in third countries.

He said bilateral trade volume between Türkiye and the Arab world was $256 billion last year, adding that there is a need for a cooperation between the Turkish and Arabic world's banking sectors.

The Union of Arab Banks attaches great importance to the development of these bilateral relations, he said, and also pointed to the importance of the Development Road Project between Türkiye, Iraq and Qatar. Cooperation and relations between Türkiye and Arab countries should be stronger to realize integration in the industrial sector, he added. The event will conclude on Friday.