Simsek believes gulf funds to Turkey will keep flowing

Finance Minister Mehmet Simsek yesterday said that there will be a strong inflow of funds to Turkey from the Gulf and other regions in the next decade. "If the current levels of oil prices remain the same for the next 10 years, the Gulf countries will run a surplus of approximately $5 trillion. Those financial resources are too much to be invested only in the stock and equities of developed countries. Some of these funds will most probably go to developing countries like Turkey. I think this interest will increase with recent reforms we have carried out. Especially the new Turkish Commercial Code is an important step. I see that foreign firms are very likely to establish partnerships with Turkish firms," Simsek said.