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US firms decide to step up investments in Turkey

by Anadolu Agency

ISTANBUL Jul 21, 2016 - 12:00 am GMT+3
by Anadolu Agency Jul 21, 2016 12:00 am
Chairman of the Turkish-American Business Association-American Chamber of Commerce in Turkey (TABA-AmCham) Bora Gürçay has said the Gülenist Terror Organization's (FETÖ) attempted coup has led to no change in the decisions of the four largest American companies which have investment plans in Turkey for the second half of the year. "Furthermore, they are considering how they can be able to take these investments further," he added.

Stressing the significance of people's support for democracy in the aftermath of FETÖ's attempted coup, Gürçay stressed that they are reminding all domestic and foreign investors that Turkey is proceeding on its way with a strengthened democracy.

According to Gürçay, the coup incident initially created an atmosphere of panic among foreign companies. However, people's response and resistance to the attempt pushed American companies in TABA-AmCham to think that they cannot only make sales but also permanent investments in Turkey, given that people can take to the streets for democracy.

Gürçay explained that he believes investments in Turkey will grow stronger from now on and expects investments from the U.S. to increase as perceptions about the country improve. Gürçay, who is also the manager of Motorola Solutions Turkey, said the company decided to accelerate investment plans regarding the public sector, adding, "We see Turkey as an important country for the region and our investments are in safe hands here."

The chairman also stated that they have confidence in President Recep Tayyip Erdoğan and Prime Minister Binali Yıldırım. "As they have seen that people here can still embrace democracy 20 years later, they will make investments more easily," he concluded.
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