The second edition of Investment Office's “Türkiye Century Investment Reception" series in Asia, convened at the Turkish Embassy in Singapore on July 26, in collaboration with Enterprise Singapore.
The reception featured an in-depth overview of Türkiye's investment climate, one-on-one meetings with representatives from various industries, as well as keynote speeches by the Turkish Ambassador to Singapore Burçin Gönenli and Investment Office President A. Burak Dağlıoğlu. Among the reception guests were also Phillip Capital CEO Linus Lim and Enterprise Singapore Executive Director Clarence Hoe.
During his keynote remarks at the reception, Türkiye's Ambassador Burçin Gönenli said Türkiye and Singapore are regional partners due to their central location in their respective regions. Ambassador Gönenli pointed out that there is strong economic and commercial cooperation between the two countries at a time when Türkiye is stepping into its second century and invited Singaporean companies to invest in Türkiye.
On his part, Investment Office President A. Burak Dağlıoğlu delivered key messages on Turkish- Singaporean economic cooperation and bilateral investment environment, saying, “We see that Singapore-based investors in Türkiye focus on logistics, energy, mining, agrofood, startups, financial services, tourism, and real estate industries. As of the end of 2022, Singapore's FDI stock in Türkiye is approximately USD 11 billion."
“Investment Office considers connecting startups with VCs as a top priority. Singapore-based VCs invest in Turkish startups such as Dream Games, Peak Games and Insider, all of which have grown to become decacorns," Dağlıoğlu added.