No change in US companies' investment plans in Turkey after coup attempt: Association

There has been no change in U.S. companies' investment plans in Turkey since the failed July 15 coup attempt, said the head of the Turkish-American Business Association-U.S. Chamber of Commerce (TABA-AmCham), adding that the companies were now working on completing procedures to realize $350 million worth of investments. 

"The TABA members in the U.S. have defined around $350 million in investments in Turkey for this year. They have completed the feasibility works and been busy with completing the bureaucratic details," said association president Bora Gürçay, noting that there had been no postponement or cancelation in the companies' investment plans after the failed coup attempt.  

The association gave an advertisement, inviting global investors to stand with Turkey and keep investing in the country in the wake of the coup attempt, to the New York Times (NYT) on Sept. 20, when Turkish President Recep Tayyip Erdoğan made a speech at the General Assembly of the United Nations.

Gürçay noted that the association had voiced strong support to Turkey's democracy on all platforms after the failed coup attempt in comments on the ad, which was headlined: "Time to Invest in Turkey's Strong Democracy and Flourishing Economy." 

'Positive comments'

"As the TABA-AmCham members, we voiced our full support to the Turkish democracy, our opposition to any terror organizations which will harm Turkey and its democracy and our belief in the Turkish economy for investment opportunities though our ad in the NYT on a day when our president [Erdoğan] will make a speech at the U.N. We also tried to tell how crucial the economic base Turkey is… Our ad has touched many people. We have received many positive comments from dozens of U.S.-based...