Turkish Minister: Our investments in Africa amounted to $6 billion

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Turkish Energy and Natural Resources Minister Fatih Donmez said on Wednesday that the value of Turkish investments in the African continent has reached 6 billion dollars.

This came in a speech by him via video conference during the second meeting of the Turkish-Angolan Joint Economic Committee.

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He pointed out that the number of projects implemented by Turkish contractors in Africa has reached 1,500, pointing out that the economic volume of those projects exceeded $70 billion.

Donmez noted that economic and trade relations with Angola have developed rapidly in the recent period.

He explained, “Looking at the trade figures for 2020, it is clear that the volume of trade between the two countries is $250 million.

Turkey to Angola constitutes 183 million dollars and 67 million dollars from Angola to Turkey.”

He pointed out that they aim to increase activities that would bring the private sector in both countries together, and businessmen more together.

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For his part, the Angolan Minister of Oil and Natural Resources Diamantino Pedro Asuedu expressed his confidence that the two sides will contribute to cooperation in the field of energy in the next stage.