At the Turkey-Kuwait Business Forum, held at the Kuwait Chamber of Commerce and Industry, Gül stated that the revenue Kuwait derives from petroleum needs to be invested abroad in countries with low risk and high returns. He added that Turkey has great growth potential and low risk levels stemming from deep reforms and should be an important destination for Kuwaiti investment.
“Our banking sector has not been much affected by the economic crisis due to reforms we’ve implemented, reforms which Europe is just now starting to think about implementing,” Gül stressed, adding that the Turkish tourism sector is also an attractive sector for Kuwaiti investors, managing to grow last year despite the onset of the crisis.
Gül emphasized that $160 billion in investments will be made in the next five years in Kuwait, calling on Turkish businessmen to take advantage of this. He added that Turkish and Kuwaiti businessmen should get to know each other and keep each other informed, as “there is potential for the two nations. If there wasn’t, we wouldn’t be here.”
