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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Turkey: Funds eye local partners to go into mall business

Posted on 19 August 2011

Pradera, which is managing the Cevahir shopping mall in Istanbul owned by the Kuwait Investment Authority, or KIA, is also preparing for investment opportunities in Turkey, said Kodal, noting that recently in a partnership with Krea Group, Pradera aims to acquire new shopping malls in Istanbul. “I trust in the Turkish economy and believe the country will attract more investors,” Kodal said.

Arab investment in Turkey totaled $10.6 billion at the end of last year, according to Ibrahim S. Dabdoub, chief executive of the National Bank of Kuwait, who recently spoke to the Daily News on the sidelines of the sixth Turkish-Arab Economic Forum in Istanbul……………………………………….Full Article: Source

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