American company invests 100 million dollars in Turkey

American investors continue to show increasing interest in Turkey.

According to Arda Ermuta, head of the Investment Authority in Turkey, US company WABCO announced its plans to invest $ 100 million in the Turkish economy. The company plans to purchase various goods from 32 Turkish companies for this amount in the next few years. In addition, Wabco plans to build a new logistics center in Turkey.

According to representatives of Wabco, the purpose of the investment is to support the export of Turkey and to reach a new level of trade relations.

WABCO is a provider of electronic braking, stability, suspension and transmission automation systems for heavy duty commercial vehicles.

16th october 2018

May be interesting

News

Turkey marks Commemoration of Atatürk, Youth and Sports Day

Turkey will celebrate Atatürk, Youth and Sports Day on May 19, with various events planned in the capital Ankara and around the country.

Tesla Motors will open a salon and service in Turkey

The well-known company Tesla Motors, which produces electric cars, plans to open an auto service showroom in Turkey.

Important news

All news

Life in Turkey

Possible reopening of previously closed areas in Alanya for residence permits.

The Turkish Statistical Institute (TÜİK) has sent an official request to the Directorate General of Migration Management to obtain up-to-date information about the closed areas in Alanya.

Gold is breaking records again: the price per ounce has reached $3500.

On April 22, 2025, the price of gold on the global market reached a new historical high of $3500 per ounce. This marked a clear signal amid growing anxiety in the global economy and increased demand for safe-haven assets.

New Airport Terminals Opened in Antalya: Capacity Doubled!

These changes are aimed at enhancing service quality and meeting the growing number of tourists and international flights, especially during the summer season.

Forbes Publishes Updated List of the World's Richest People: Elon Musk Tops the Rankings Again

Forbes magazine has released its new list of billionaires, with the number of billionaires surpassing 3000 for the first time. The leaders of the list are well-known business tycoons and tech giants, including Elon Musk, Mark Zuckerberg, and Jeff Bezos.