Gulf Development
The Istanbul Chamber of Commerce has paid visits to the Gulf Region in order to benefit from the capital accumulation resulting from the increase in oil output. A large delegation, including many representatives from the construction sector, participated in the visits which were organized to Qatar, Kuwait, Saudi Arabia and the United Arab Emirates. As a result of the meetings with both the private sector and government officials, Turkish contractors have undertaken many important construction projects in this region. Furthermore, these meetings have yielded an increase in Gulf investments in Turkey. These visits and meetings have brought about extremely productive results both for Turkish investments in the Gulf countries, as well as for the Gulf countries' investments in Turkey.
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