The United Kingdom is investing four billion US dollars in Turkey
Last Updated: 2023-01-12
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The Old Continent Seeks the Help of the Youth in Search of an Elixir that Revives Its Economy and Restores Its Youth
Reports indicated in some newspapers, including Anadolu Agency, about the planning of the British company Hive Energy, with the support of the British Chambers of Commerce, to invest in Turkey worth four billion US dollars. This investment project concerns solar energy, which will be built and developed in thirty different locations throughout Turkey.
The move comes amid the predicaments that the United Kingdom is going through, especially after the destabilisation of its economy and Russian sanctions. Russia decided to cut off gas supplies to the European Union and Britain because of their position in respect to the Russian-Ukrainian war as both the European Union and Britain chose to stand by Ukraine's side against Russia and impose sanctions against it.
However, perhaps never did it cross their minds that they would soon drink deep of their own sanctions they imposed, and their decision would turn to ashes in their mouths and taste the bitterness within this harsh winter.
In this regard, the above-mentioned company has concluded an agreement with two Turkish energy companies, Çuhadar Enerji and Viva Enerji, which provides for the establishment of energy storage plants in different cities in Turkey, such as Kahramanmaraş, Gaziantep, Kayseri, Şanlıurfa, Konya, and of course the capital Ankara has its share, too. The project will also raise Turkey's renewable energy capacity to 64% by 2027.
It is expected that this investment will push several European countries and others from all around the world to choose Turkey in order to establish various projects and invest in them, where this step will raise the confidence index in Turkey, which will lead, as an inevitable result, to an increase in investors' demand for investment in Turkey.
Recently, the desire of European investors to invest in Turkey has been strongly observed, and the investment index there has increased significantly, ranging from large projects - such as the one mentioned above - to small projects like real estate investment.
Mentioning real estate investment, it is necessary to mention the qualitative leaps witnessed in the Turkish real estate market, which has been top sought - after and popular for investment as it makes large profits and does not need large capital. In addition to the advantages that the investor can get, such as Turkish citizenship, by purchasing a property in Turkey, and the Turkish passport.
Edited by Mersat Real Estate Team ©
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