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While most of the developed world is grappling with economic challenges, emerging countries are rising as investment hot spots. The economic growth is slowing down in Western Europe, but some neighbouring countries represent attractive opportunities for development. Turkey, with its strategic location is a trade, finance and manufacturing hub for several industries like automotive, machinery etc.; it is an emerging force on the European frontier with an extraordinary growth potential.
The status of the Turkish economy and the role of this country globally will be discussed in Frost & Sullivan’s web conference, taking place on Wednesday, 10 April, 2013 at 11 am EDT (4 pm BST). Global President and Managing Partner, Aroop Zutshi, and Turkey Director, Philipp Reuter, will lead a teleconference in which they will present the growth prospects and opportunities in the emerging markets with a special focus on Turkey. Some of the Mega Trends which are imminent for Turkey will also be discussed.
Additionally, the conference will look at key growth industries in Turkey, where ease of doing business and government incentives to foreign investment are enabling companies to penetrate and gain market share. Concluding with a section on key investment opportunities, the presentation will be followed by a live question-and-answer session.
“Turkey has jumped from its agrarian society to an industrial economy in a very short period of time, during the last two decades. The country's metamorphosis into a service and industrial economy will be complete with both sectors projected to generate a combined 93% of the country's GDP in 2020," says Frost & Sullivan President Zutshi.
"Rapid industrial growth, qualified and competitive labour force and entrepreneurship in various business areas is attracting foreign investment," explains Mr Reuter. "The middle class explosion and the fast rate of urbanisation are making and will make Turkey an interesting market for consumer products, automobiles and white goods. The change in consumption habits, large investments in infrastructure and aspiration for a better standard of living is guiding the country's growth trajectory to a developed status."
“The role of the country in the world is in itself one of the most important trends. Many multinational companies like GE, 3M or Huawei are creating their hubs in Istanbul to cover the Middle East, North Africa, Central Asia and other countries from here," continues Director Reuter. "We are at the edge of a new area right at the beginning of the third millennium. A new region in the world, a region that is expected to rise and outperform, in terms of growth, business opportunities and global importance is developing rapidly. This new macro geo-political power is what will impact business and growth in the region in the coming decades."
To join our emerging market experts to understand the growth prospects and opportunities in the emerging markets and in Turkey please email Chiara Carella, at chiara.carella[.]frost.com, with your full name, company name, telephone number, company website, city, and country, and a registration link will be emailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.
The conference is complimentary and open to all companies, organizations and media interested in gaining a macroeconomic perspective into the fundamentals of Turkey, learning about growth opportunities, and understanding the competitive landscape in burgeoning industries.
About Frost & Sullivan
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