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Turkish investments in US reach $10B after Trump’s victory

Turkish investments in US reach $10B after Trump's victory Donald Trump. (Collage by Mehmet Akbas/Türkiye Today)
By Newsroom
Nov 12, 2024 1:24 PM

Donald Trump’s win in the U.S. elections has led to a significant increase in Turkish investments in the United States. Major Turkish companies, including Koc Holding, Sabanci Group, Yildiz Holding and Borusan, have invested a total of $10 billion.

Why it matters?

Trump’s economic policies are opening new opportunities for countries with strong trade ties to the U.S., especially Türkiye. With a focus on trade protectionism and boosting local production, Turkish businesses are taking advantage of the situation by increasing their investments in the U.S.

Focus: Trump’s policies, Turkish investments

Trump’s second term is expected to bring more tensions with China while promoting domestic manufacturing. This shift is drawing Turkish companies to invest in the U.S., as trade tariffs and changes in production policies create more favorable conditions for foreign investors.

What’s happening?

Leading Turkish conglomerates are significantly increasing their investments in the U.S., with a combined total of $10 billion. Companies such as Koc Holding, Sabanci Group, Yildiz Holding, Ciner Group and Borusan are deepening their presence in the U.S. market.

Key areas of Turkish investment in US

  • Koc Holding made headlines by acquiring Merrill-Stevens, a Miami-based mega yacht manufacturer, expanding its footprint in the luxury yacht industry.
  • Yildiz Holding purchased the U.S. chocolate company DeMet’s Candy for $130 million, further strengthening its position in the American market.
  • Borusan invested $150 million in a pipe manufacturing plant in Houston.
  • Ciner Group, together with Sisecam, is planning a $4 billion soda ash investment in the U.S.
  • Sabanci: Made millions of dollars in real estate investments through their companies, Esas Properties and Sedesco.

What’s next: More investments on horizon

Turkish companies are likely to continue expanding their investments in the U.S., particularly in sectors like real estate and manufacturing.

New projects and expansions are expected as Turkish firms leverage the opportunities created by Trump’s economic policies.

Last Updated:  Nov 13, 2024 11:05 AM