Turkey Wealth Fund Aims to Reach to $10 Billion Annual Investments in the Strategic Industries Including Mining

Established in 2016, strategic investment arm and the equity solutions provider of the Republic of Turkey, Turkey Wealth Fund (TWF) aims to increase its annual investments and lead the strategic industries.

According to Bloomberg, TWF’s CEO, Zafer Sönmez stated: “The idea that began in the 1980’s and weakened the state role in the economy through privatizations has run its course. We will play the lead role in making investments where the private sector’s size won’t suffice, attracting foreign investment, expanding scale and transforming markets.”

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