Foreign interest mounts in Turkey’s retail sector

Lizbon Büyükelçiliği 29.07.2010
Turkey’s organized retail sector is bent on expanding with the increasing number of shopping malls opening all over the country. There are currently 247 shopping malls in service, and by the end of 2011, 62 more will have been built, increasing both the volume of the retail industry and employment within it.

Half of the projected USD 12 billion of investments in the sector will come from foreign investors, as industry forecasts indicate, and many investors with sufficient funding are seeking acquisitions or greenfield investments in Istanbul and cities in Anatolia.

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