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Turkish investments in US reach $10B after Trump's victory

Photo illustration shows U.S. President-elect Donald Trump giving a thumbs-up in front of the American flag. (Collage by Mehmet Akbas/Türkiye Today)
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Photo illustration shows U.S. President-elect Donald Trump giving a thumbs-up in front of the American flag. (Collage by Mehmet Akbas/Türkiye Today)
November 13, 2024 11:05 AM GMT+03:00

Donald Trump's win in the U.S. elections has led to a significant increase in in the United States. Major Turkish companies, including , , and , have invested a total of $10 billion.

Why it matters?

Trump's are opening new opportunities for countries with strong trade ties to the U.S., especially . With a focus on and boosting local production, Turkish businesses are taking advantage of the situation by increasing their investments in the U.S.

Focus: Trump's policies, Turkish investments

Trump's second term is expected to bring more tensions with China while promoting domestic . This shift is drawing Turkish companies to invest in the U.S., as and changes in production policies create more favorable conditions for foreign investors.

What's happening?

Leading Turkish conglomerates are significantly increasing their investments in the U.S., with a combined total of $10 billion. Companies such as Koc Holding, Sabanci Group, Yildiz Holding, and Borusan are deepening their presence in the .

Key areas of Turkish investment in US

  • Koc Holding made headlines by acquiring Merrill-Stevens, a Miami-based mega yacht manufacturer, expanding its footprint in the luxury yacht industry.
  • Yildiz Holding purchased the U.S. chocolate company DeMet’s Candy for $130 million, further strengthening its position in the American market.
  • Borusan invested $150 million in a pipe manufacturing plant in Houston.
  • Ciner Group, together with Sisecam, is planning a $4 billion soda ash investment in the U.S.
  • Sabanci: Made millions of dollars in real estate investments through their companies, Esas Properties and Sedesco.

What's next: More investments on horizon

Turkish companies are likely to continue expanding their investments in the U.S., particularly in sectors like and manufacturing.

New projects and expansions are expected as Turkish firms leverage the opportunities created by Trump's economic policies.

November 13, 2024 11:05 AM GMT+03:00
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