Council Says Its 'Business As Usual' In Turkey After Failed Coup

By Rosemarie Khoo Mohd Sani KUALA LUMPUR, Aug 19 (Bernama) -- The Turkey-Malaysia Business Council has given an assurance that its 'business as usual' in Turkey in the aftermath of the recent failed coup. Chairperson Süheyla Çebi Karahan (right in the picture) said all economic indicators remained stable with the Turkish banking sector operating smoothly, she told Bernama. She said political turbulences and negative experiences are likely to bring about a common will for more stronger economic development in Turkey. Karahan was leading a business delegation comprising 10 members on a three-day visit here which ends Thursday. "We understand that our Malaysian partners have followed developments in Turkey very closely and are concerned over the failed coup. "That is why we are here to convey the message that the attempted coup was put down with the strong support of the Turkish people who advocated democracy," she added. On efforts to lure more Malaysian investors to Turkey, she hoped they would consider investing in the housing development and tourism sectors. She said Turkey's on-going infrastructure projects such as the new Istanbul airport which is targeted to be the logistics hub and centre in the Euroasia region, would be an attractive and dynamic factor for Malaysian investors to participate in. This is also because there will be an increase in demand for properties in the cities, including Istanbul, Ankara and Izmir. "Turkey is open to foreign investments given our geographical advantage of being in Europe and lower prices in comparison to the international market. "Besides, we have a big youth base from among our population of 80 million. This makes it exciting to spur and develop a healthy relationship with trade and investment partners, including Malaysia," Karahan added. (photoBERNAMA) --BERNAMA