Turkish and Arab Chambers have merged, forming the Turkish-Arab Chamber. The Turkish-Arab Chamber, which aims to increase the rising commercial volume to much higher levels, is set to begin its activities.
Commerce with Arab area reached 47 billion dollars
Rifat Hisarcıklıoğlu, the President of the Turkish Union of Chambers and Commodity Exchanges, said,
The Turkish-Arab Chamber will be the organization which will lay the red carpet under the feet of the businessmen of both sides. If the people of this geography are to become wealthier, then it is the businessmen of this geography that will do this.
He described this merger by saying, “The Turkish-Arab Chamber will be the guarantee for this. While there have been important developments in the economic relations with the Arab geography in recent periods, the target for the investments and trade to be undertaken will now be increased. The volume of commerce between the Arab states and Turkey has increased by 7.5 times in the last 15 years. Our trade with the Arab geography has reached 47 billion dollars. An increase in the volume of commerce by 7.5 times is a terrific figure.”
It has been stated that while the increase in the contribution of the Arab tourists to the Turkish economy was 9 times, the investments undertaken by Arab businessmen were around 36 times.
Turkish-Arab Chamber will bring together those seeking investment opportunities under its own umbrella
Hisarcıklıoğlu made a reminder in his statement that the Turkish-Arab Chamber would be bringing the two sides together and said, “In this way, the chamber will bring together entrepreneurs, capital, experience and those seeking new investment opportunities together, under the umbrella of the Turkish-Arab Chamber. The Chamber will be an organization which the business worlds of both sides will deal with, contact and develop their relationships through, and which they can consult in order to overcome any bureaucratic hurdles in their investments and commercial activities.”