Bahraini bank eyes further investment in Turkey

ANKARA: Bahrain-based Venture Capital Bank seeks investment in the health, education and food sectors in Turkey, according to the bank's chief executive officer.

"We trust the growth potential of the Turkish economy. We want to make new investments in health, education and food sectors in Turkey in 2017," Mohammed Janahi told Anadolu Agency on Thursday.

He said Turkey has always been on the agenda of the bank since the day it was established.

Janahi said the bank's first move was to buy the majority of the shares of a Turkish company in 2012 that produces concentrated fruit, which he said amounted to around $300 million.

"The company's profits have tripled since that day. We intend to expand our capacity with additional acquisitions," he said.

Janahi said they focused on the food, education and health sectors as they are least affected sectors by everyday events in the country.

"From the beginning, we need to explain that our main goal is to establish a strategic partnership and enlarge the business," he added.

Source: Anadolu Agency