China’s e-commerce leader Alibaba Group announced its 2 billion dollar investment plan for the Turkish economy after an important meeting with President Recep Tayyip Erdoğan.
Alibaba Group President Michael Evans outlined the areas in Turkey where they plan to invest, announcing support through a data center in Ankara, strategic logistics facilities, and an export operations center at Istanbul Airport.
Already a $1.4 Billion Investment!
Evans stated they are supporting the international expansion plans of Trendyol, the Turkey-based e-commerce platform. Alibaba Group has already invested a total of $1.4 billion in Turkey through Trendyol.
Evans also expressed that they believe Turkey has the potential to become the world’s leading e-export country. He added that they are closely following TEKNOFEST.
While more information is awaited regarding the details and timeline of the investment, critics hope this move will help Turkey become more influential on a global scale.