Japan Bank For International Cooperation Will Open First Overseas Office in Istanbul by The End of 2019
Based on IMF figures, The Japanese economy is the third-largest economy in the World in terms of nominal GDP around USD 5 trillion. Manufacture of high technology products and tourism are leading industries in Japan.
According to Hülya Güler’s news from Hürriyet newspaper, JBIC (Japan Bank For International Cooperation) opens their first overseas office in Istanbul. JBIC has already financed projects more than USD 1 billion in Turkey. JBIC is very excited to increase their activities one step further from their first international office. Vice president of JBIC Nobumitsu Hayashi announced that they already completed their preparation and the main target is to complete the procedures before end of this year.
JBIC has a very flexible approach of conducting business in Turkish region. Hayashi expressed “Sky is the Limit” which means their funds are unlimited for the Turkish projects and Japanese companies that want to enter in Turkish market.
Hayashi said that he is very impressed with the pace of projects, technology of complexes and discipline. “Currently Turkey has been treated unfairly. Investment decisions can be taken easily if the potential of Turkey explained well. I believe those who invest in Turkey today will get the best in long term. I think those who want to invest in Turkey should definitely visit here in order to understand Turkey” Hayashi said.
JBIC is a policy-based financial institution established in 2012 aiming to support Japanese firms’ international activities. The capital of JBIC is 1.7 billion Japanese Yen and financing size is 14 billion Japanese Yen as of March 2018.