Türkiye's ambassador to Kuwait, Sakir Fakili, urged Kuwaiti businesspeople to explore opportunities in Türkiye's real estate and tourism sectors during an investment conference held at the Sheraton Hotel in Kuwait City in March 2006. The event, organized by the Turkish Embassy and the Kuwaiti-Turkish Bank, drew nearly 100 investors.
Officials from Türkiye's Treasury, the Southeastern Anatolia Project (GAP), the Privatization Board, and the Foreign Trade Undersecretariat briefed attendees on current business opportunities. Ambassador Fakili noted that Türkiye had undergone a decade of significant reforms and described the country as a hub for foreign investment and a key energy corridor with strong access to EU markets.
Ali Muhammad Thunayan Al-Ghanim, chairman of the Kuwaiti Chambers of Commerce, said privatization projects in Türkiye hold the greatest appeal for Kuwaiti investors, adding that political stability strengthens the country's attractiveness. Ufuk Uyan, general manager of the Kuwaiti-Turkish Bank, highlighted rapid growth in Türkiye's banking sector as another promising area for investment.
Bilateral trade between Türkiye and Kuwait stands at approximately 200 million USD.
Historical summary. TurkishPress restated this wire report, first published in March 2006, in its own words.