Pro-gov't daily: Alibaba plans $1 billion investment in Turkey

Turkey's pro-government Sabah newspaper reported Alibaba President Michael Evans as saying in an interview that the company is planning an investment of more than $1 billion in Istanbul and Ankara.

Monday January 09 2023 02:22 am

Reuters - Duvar English

Chinese e-commerce giant Alibaba Group Holding Ltd is planning a logistics hub at Istanbul Airport and a data centre near the Turkish capital Ankara with an investment of more than $1 billion, its president, Michael Evans, was cited as saying.

Turkey's pro-government Sabah newspaper reported Evans as saying in an interview that the company was looking to invest in Europe and the Middle East and that he sees Turkey as a very strong production base.

"We have a serious investment plan at Istanbul Airport. We can evaluate e-export plans from here to Europe, the Middle East and the Far East. We plan an investment of more than $1 billion," Evans was quoted as saying.

Trendyol, one of Turkey's best known e-commerce platforms, is backed by Alibaba.

"The reason we chose Trendyol was that its technology was advanced and its potential was great. We are positioning this place as a base for Europe and the Middle East," he said.

Topics Alibaba Turkey China