Saudi Al-Bassam, Sumou Holding To Set Up $751m Fund To Invest In Turkey
The group is aiming to work with state firms such as TOKI, Emlak Konut and Kiptas.
Saudi Arabia’s Al-Bassam Group will set up a new fund worth 2 billion liras ($751.17 million) with Saudi Sumou Holding to invest in Turkey’s real estate market, AlBassam Group’s CEO told Reuters on Wednesday.
“We are aiming to work with state companies such as TOKI, Emlak Konut and Kiptas,” Ziad al Bassam said on the sidelines of an investment conference in Istanbul.