Turkish businessmen:Optimstic about investment in Yemen [Archives:2007/1061/Business & Economy]

By: Emad Al-Saqqaf
YemenTimes Taiz
A delegation of Turkish businessmen has visited Yemen last week, and toured several governorates in the country in order to visit several locations for prospect investments. During their visit to Taiz governorate, the delegation has visited several factories and industrial plants affiliated to the Hayel Saeed Group, as well as a number of cultural and historical sites, and some social and business clubs.

YemenTimes met with the head of the delegation Mr. Farouk Gullu, who indicated that the objective of the visit is to further strengthen the ties between the Yemeni and Turkish business communities, adding that they represent a community of over 15,000 Turkish businessmen, and that all these businessmen will learn of the outcome of this visit to Yemen.

When asked about the investment prospects in Yemen, he stated that they are very optimistic about the opportunities for business and investment in Yemen, indicating that Yemen has a good potential for investments and joint ventures with local businessmen. He stated that he was very impressed with the manufacturing facilities of the Hayel Saeed group and their utilization of latest technology.

He said that the delegation was also impressed with the social responsibility strategy adopted by the Hayel Saeed group through Al-Saeed foundation for science and culture, indicating that many businessmen are inspired by Al-Saeed example and will adopt similar social responsibility strategies in the future.

Mr. Gullu also added that there are four Turkish corporations operating in Yemen, either through retailing their products in Yemen or operating in joint ventures, he also stated that this is only the beginning and that he looks forward to a lasting business and economic cooperation between the two countries.
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