Tremendous Investment from Turkish Firm in Africa

Eren Holding which is one of the greatest firms in Turkey, held a grand opening of the 4th greatest cement plantation in Douala, Cameroon.

 

Turkish Firms Investing Africa

 

President of Republic of Turkey Recep Tayyip Erdogan called the Turkish firms for investing in Africa a while ago during the visitation. Eren Holding which is one of the greatest firms in Turkey, answered the call and established cement plantation in Douala, Cameroon. Newly opened plantation is the 4th greatest in its sector in the country. With the 30 million euro investment is expected to increase and develop the relations between two countries.

 

30 million euro invested plant were unveiled by Cameroon Prime Minister Philemon Yang. Turkey’s Yaoundé Ambassador Murat Ülkü, Cameroon Industrialization, Mining and Technology Minister Ernest Gbwaboubou and Holding Board Directors Member Emre Eren attended the grand opening held in 16 December 2016.

 

600 Thousand Ton Production Capacity

 

As Cameroon’s Prime Minister Philemon Yang’s expressed in speech during the grand opening of the cement facility 600 thousand ton capacity; “ We are veiling the cement plantation presenting the president of Cameroon Paul Biya.”

As mentioned before the plantation has been targeted production of 600 thousand ton cement yearly. With the new Turkish plantation, total production of cement in Cameroon estimated to increase to 4.3 million. The plan of Cameroon government upgrading country to the middle income level. Cameroon already has the biggest economy in Middle Africa. Taha Özbey, the general director of Medcem Plantation in Cameron, also speaking at the grand opening stated that the new plantation would develop the sincere between two countries.

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    yasemin Written by:

    Yasemin Kılıç yaseminkilic@istanbulinvestments.com

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