Turkey has granted several investment advantages to Saudis, including exemptions from customs duties and value added tax, tax cuts, support of social security premiums for employers and employees and the allocation of land for investments. Dr. Mustafa K"oksal, an adviser to the Turkish prime minister, said in a press statement quoted by a local Saudi publication that the most promising sectors for investment in Turkey included the automotive sector where Turkey aims to produce 2 million vehicles in 5 years.
02-21-2016, 01:00 PM
Turkey grants Saudis more investment opportunities
Turkey has granted several investment advantages to Saudis, including exemptions from customs duties and value added tax, tax cuts, support of social security premiums for employers and employees and the allocation of land for investments. Dr. Mustafa K"oksal, an adviser to the Turkish prime minister, said in a press statement quoted by a local Saudi publication that the most promising sectors for investment in Turkey included the automotive sector where Turkey aims to produce 2 million vehicles in 5 years.
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